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BNZ takes haircut from Nest failure


Duncan Bridgeman
Mon, 28 Mar 2011

Bank of New Zealand has suffered a $3 million loss following the collapse of upmarket homeware chain Nest, which went into receivership last October.

Receivers John Cregten and Andrew McKay of Corporate Finance have issued their final report showing a substantial shortfall to creditors.

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Duncan Bridgeman
Mon, 28 Mar 2011
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BNZ takes haircut from Nest failure
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