TMM - News

Govt buys back Kiwibank

Monday 22nd of August 2022

It said it did so to make sure Kiwibank remains fully New Zealand owned.

The move thwarts any attempt by the NZ Super Fund to acquire all of the bank and then restructure it.

The Super Fund owned part of KGH along with NZ Post and ACC.

These owners took over when the previous National Government was unwilling to provide capital directly to Kiwibank. But at the time of th...

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