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Deposit rates news briefs

Tuesday 20th of June 2006
MFS is planning to offload 60% of its New Zealand operations to a group of Australian and New Zealand investors that includes a subsidiary of global investment and advisory firm Babcock & Brown.

The sale has been arranged with a view to grow MFS’ New Zealand arm so it becomes a significant presence in the country’s financial services sector.

The new ownership group believes impending c...

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