NZME listing clears another formalityNZME's de-merger from Australian owner APN has been approved by the Overseas Investment Office. Media business NZME is another step closer to listing on the NZX after the Overseas Investment Office approved its "de-merger". READ MORE:* APN shareholders approve NZ demerger* Competition watchdog sets out expected issues in Fairfax, NZME mergerTrading in NZME shares is due to commence on the NZX and ASX next Monday. Australian owner APN News & Media last week received approval from its shareholders to split NZME from APN by offering them separate shares in the New Zealand business. Trading in APN shares was suspended on Monday morning but a spokeswoman said at 1pm that the suspension was in the process of being lifted and another announcement was not expected.

Source: Stuff June 20, 2016 01:07 UTC