Fran O'Sullivan: NZME Business Commentator on the Government's $2.1 million purchase of Kiwibank

from Best of Business · host Newstalk ZB

The Government have bought Kiwibank from $2.1 million. It will acquire 100 percent of Kiwi Group Holdings - the parent company of Kiwibank and NZ Home Loans - provided the proposed transaction gets Reserve Bank approval. KGH is 53 per cent owned by NZ Post, 25 percent by the Super Fund, and 22 per cent by the ACC. NZME Business Commentator Fran O'Sullivan joined Heather du Plessis-Allan. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on August 22, 2022.

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