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Govt buys back $2.1b Kiwibank from NZ Post, ACC, NZ Super

Grant Robertson says Government is fully committed to supporting Kiwibank to be a genuine competitor.

Business as usual for Kiwibank and New Zealand Home Loans’ staff and customers, Finance Minister Grant Robertson says.

The Government has acquired Kiwibank’s parent company from NZ Post, ACC, and the NZ Super Fund in a transaction that values the bank at $2.1 billion.

In February, it emerged the Government was considering what to do if any of the shareholders in Kiwi Group Holdings sold down their stakes. The NZ

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Govt buys back $2.1b Kiwibank from NZ Post, ACC, NZ Super
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