Kiwibank could be a billion-dollar (partially) listed baby

Kiwibank could be a billion-dollar (partially) listed baby
Sam Stubbs says Kiwibank is well run but destined to remain a minnow without capital investment. (Image: Kiwibank)
Rebecca Stevenson
A partial sale and listing of Kiwibank on the New Zealand stock exchange would be irresistible for investors and fund managers, leading industry figures say. Craigs Investment Partners' investment director, Mark Lister, said the mixed-ownership model, such as the listed energy companies, had been proven a winner and Kiwibank would be an attractive investment. Lister said KiwiSaver was funnelling money to fund managers that needed to be invested and there was a dearth of quality NZ assets for it to go to. He said NZ’s ma...

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