Kiwi ownership ‘bottom line’ in $2.1b Kiwibank buy
NZ Super had wanted a majority stake in the bank but flexibility to introduce private capital and keep exit options open.
Finance Minister Grant Robertson.
The flexibility the NZ Superannuation Fund wanted around bringing private capital into Kiwibank and keeping all exit opportunities open would have compromised the Government’s “strong bottom line” on the bank remaining 100% New Zealand-owned, Finance Minister Grant Robertson says.
Meanwhile,
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Hamish McNicol and Jonathan Mitchell.
Mon, 22 Aug 2022
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Kiwi ownership ‘bottom line’ in $2.1b Kiwibank buy
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