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Early Marac voting running about 90% in favour of merger

Wednesday 17th of November 2010

Early voting on the 'heartland bank' merger proposal among Marac debt holders is running at about 90% in favour, says Craig Stephen, chief investment officer who will become treasurer of the new bank.

Speaking in Napier at a presentation on the proposed merger between Pyne Gould's Marac with CBS Canterbury and Southern Cross Building which will be listed on NZX, Stephen said a key point...

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