Westpac NZ sale to a rival ‘best-case scenario,’ analyst says
Although competition concerns would be a huge hurdle.
The best-case scenario for Westpac Banking Corporation shareholders would be the sale of the New Zealand unit to a rival, Morningstar analyst Nathan Zaia says.
But he concedes it is unlikely New Zealand regulators would allow that to happen, with the top four banks making up about 85% of the
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