Banks hire Cameron Partners to look at Paymark after potential buyer emerges

Mon, 01 Feb 2016

By Paul McBeth Feb. 1 (BusinessDesk) - New Zealand's four biggest lenders have hired investment bank Cameron Partners to run the ruler over electronic payments firm Paymark, which they jointly own. ANZ Bank New Zealand, ASB Bank, Bank of New Zealand and Westpac Banking Corp appointed the investment bank to conduct a strategic review after receiving interest in their shares, Cameron Partners said in a statement on behalf of Paymark. The review is expected to take several months, but no decision on whether to sell has been made. "No fu...

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