[OPINION] Who will buy KiwiWealth? And why it matters
Kiwi Wealth is the fifth largest KiwiSaver provider with around $7 billion in funds under management and is one of the firms to retain default status last year.
The business is owned by Kiwi Group Holdings (KGH) which has NZ Post as the majority shareholder (53%). The NZ Super Fund and Accident Compensation Corporation have stakes of 25% and 22% respectively.
One of these owners apparently wants out - which one we don't know. So KGH is exploring "opportunities to position Kiwi Wealth for the future".
If the business is sold, it will be the biggest-ever KiwiSaver transaction and it raises political issues.
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