'Opportunity': Expert on why Kiwibank is pushing to stop TSB-Heartland merger
Follow
the podcast on
The holding company behind Kiwibank is making an eleventh hour push for TSB before it's sold to Heartland.
Toi Foundation trustees are due to vote tomorrow on progressing the $620-million-dollar deal.
Kiwi Group Capital has doubled down on its desire to buy TSB after publicly revealing interest last week - calling its offer 'superior'.
Massey University Accountancy and Finance head, Claire Matthews, says Kiwibank wants an opportunity to grow.
"It's really just more of what they're already offering, and it's just concentrated in a particular part of the country - so it's not obvious why it would be particularly attractive."
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
