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Trade Me shares in trading halt
Written by The Trade Me team in General at 9:25am, Mon 17 Dec 2012
You might have seen over on our investor website that shares in Trade Me Group Limited are in a trading halt this morning. Fairfax Media Limited has advised that it has entered into an agreement with an investment bank for the sale of its 51 per cent stake in Trade Me, and that a “book build” process is continuing. Trade Me shares will remain in trading halt until this book build is completed. On completion of the sale, Fairfax will no longer be a shareholder of Trade Me.