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