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Bauer completes Aussie exit

Mercury Capital today completed its acquisition of the former ACP Magazines from Bauer Media in Australia. The new owner, which reportedly paid less than A$50m for the largest magazine publisher in the AsiaPacific, immediately announced it would resume publication of the company’s major magazines in New Zealand which had been stopped by Bauer, including: NZ Woman’s Weekly, Kia Ora, Your Home & Garden, NZ Listener, and New Zealand editions of The Australian Women’s Weekly and Woman’s Day. Mercury is expected to announce the publisher’s new name next week.