Post by Kiwi Frontline on Mar 2, 2022 2:50:02 GMT 12
WESTPAC COMPLETES $400 MILLION SALE OF ITS LIFE INSURANCE COMPANY
The Australian-owned bank sold Westpac Life to locally-owned Fidelity Life, which was able to afford the deal as a result of a capital injection from Ngāi Tahu Holdings.
The deal sees Ngāi Tahu Holdings become a major shareholder in Fidelity Life, alongside the NZ Super Fund......
www.stuff.co.nz/business/127914304/westpac-completes-400-million-sale-of-its-life-insurance-company
The Australian-owned bank sold Westpac Life to locally-owned Fidelity Life, which was able to afford the deal as a result of a capital injection from Ngāi Tahu Holdings.
The deal sees Ngāi Tahu Holdings become a major shareholder in Fidelity Life, alongside the NZ Super Fund......
www.stuff.co.nz/business/127914304/westpac-completes-400-million-sale-of-its-life-insurance-company