Due diligence continuing

Friday, 24 June 2016, 10:28 am
Press Release: NZ Post

Due diligence continuing

Due diligence on the proposed sale of 45% of NZ Post's stake in Kiwibank to the New Zealand Superannuation Fund and the Accident Compensation Corporation (ACC) is progressing well, the parties said today.

Due to the scale of the transaction more time is required to complete the due diligence process and transaction documentation. The parties are working hard to achieve this as soon as possible.

Once this has occurred and a decision has been made, the parties will be in a position to comment further.

ENDS

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