The potential sale of Westpac's New Zealand business, could have its silver linings
The potential sale of Westpac's New Zealand business, could have its silver linings
25 March 2021
In a NZX statement, the company says it's assessing whether a demerger from its Australian parent would be in the best interests of shareholders.
The bank says it's in the early stages and no decisions been made yet.
Economist Cameron Bagrie says you can look at it, from a glass half full perspective.
He says it would add a bit more depth to the New Zealand equity market to have this sort of deal.
© 2024 Newstalk ZB, NZCity