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flag Jim Grenon buys nearly 20% of NZME.

flag Canadian billionaire Jim Grenon has become NZME’s largest shareholder after purchasing nearly 1.8% of the company for just under $2 million. flag His total stake now stands at 19.9%, just below the 20% threshold that would trigger a mandatory takeover offer. flag Additionally, former cabinet minister Steven Joyce has nearly doubled his shareholding.

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