Fidelity buys Westpac Life NZ for $400m, Ngāi Tahu invests $140m
Ngāi Tahu Holdings has taken a 24.9% stake in Fidelity.
New Zealand’s largest locally owned life insurer has bought Westpac’s New Zealand life insurance business for $400 million and received a $140m investment from Ngāi Tahu Holdings.
Westpac said today it had agreed to sell its local life insurance business to Fidelity Life, owned 41% by the
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