Is Kiwi Wealth hatching a sale of Hatch?

Is Kiwi Wealth hatching a sale of Hatch?
Hatch Invest has more than 120,000 users who have traded more than a billion dollars through the platform. (Photo: Supplied))
Dan Brunskill
Fund manager Kiwi Wealth is considering a sale of its retail trading platform Hatch after being approached by a potential buyer, BusinessDesk understands.Multiple sources have confirmed a possible sale of the digital investment platform is being explored, although the identity of the interested buyer remains a mystery.The platform, which gives NZ investors access to the US share market, is a part of Kiwi Group Holdings, which is government-owned via NZ Post, the NZ Super Fund and ACC.It was co-founded by Jakub Chodounsky, Jarred Sewell, Natalie...

More Markets

Ryman and Tower lift NZ sharemarket, but ends lower
Markets Market Close

Ryman and Tower lift NZ sharemarket, but ends lower

The S&P/NZX 50 Index closed down 0.96% or 129.811 points at 13,432.20.

Airports, Jetstar bite back at Air NZ subsidy claim
Markets

Airports, Jetstar bite back at Air NZ subsidy claim

Air NZ is effectively saying 'get what you're given', says Auckland Airport.

Harvey Norman NZ sales up 10%
Markets

Harvey Norman NZ sales up 10%

New Zealand's weak dollar partially offset overseas gains, the company said.

91% of Tower’s new house policies are low flood risk
Markets

91% of Tower’s new house policies are low flood risk

Shareholders will get an increased dividend on top of a $45m capital return.