Fisher Funds buys Kiwi Wealth for $310m
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2022-08-15 02:30
Fisher Funds buys Kiwi Wealth for $310m
Deal includes distribution agreement with Kiwibank, but not the Kiwi Wealth brand. Fisher Funds chief executive Bruce McLachlan. Fisher Funds has signed a deal to buy fund manager Kiwi Wealth for $310 million, subject to Overseas Investment Office approval.Kiwi Wealth, a sister company of Kiwibank, is being sold by its owners NZ Post, the Super Fund, and ACC.A seven-year distribution agreement with Kiwibank is included in Want to read more? It's easy. Choose your best value subscription option Individual Group membership NBR Marketplace NZ Aviation News $30 per user - Pay by monthly credit card debit $25 per user - Pay by monthly credit card debit $20 per user - Pay by monthly credit card debit $15 per user - Pay by monthly credit card debit © All content copyright NBR.

https://www.nbr.co.nz/business/fisher-funds-buys-kiwi-wealth-for-310m/

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