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Decision due on NZ Post purchase of smaller courier business

‘Consultation theatre’: If the country’s largest courier acquires PBT Group’s contracts it could create another oligopoly, submitters claim.

NZ Post has sought Commerce Commission clearance to buy PBT's business contracts

Maria Slade Thu, 08 Feb 2024
Key points
  • What's at stake: The Commerce Commission is due to decide whether NZ Post can acquire the business contracts of PBT Group.
  • Background: The takeover would reduce competition, potentially creating an oligopoly in the courier sector, submitters claim.
  • Key players: NZ Post, PBT Group, Commerce Commission.

The Commerce Commission is due to decide this week whether state-owned NZ Post can acquire the business contracts of rival courier provider PBT Group for an undisclosed price.

NZ Post is beefing up its courier business as mail volumes decline and has invested $200 million in a transformation

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Contact the Writer: maria@nbr.co.nz
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Key points
  • What's at stake: The Commerce Commission is due to decide whether NZ Post can acquire the business contracts of PBT Group.
  • Background: The takeover would reduce competition, potentially creating an oligopoly in the courier sector, submitters claim.
  • Key players: NZ Post, PBT Group, Commerce Commission.
Decision due on NZ Post purchase of smaller courier business
Business,
102599