NZ Post bids for PBT courier 'contracts'

(Image: NZPost)

Tue, 21 Nov 2023

New Zealand Post is making a bid to acquire the business contracts of competing courier firm PBT Group. In its application to the Commerce Commission issued on Tuesday, NZ Post said it had proposed purchasing the existing contracts with businesses who have signed contracts and agreed to use PBT's courier services.Crown-owned NZ Post is the country's largest provider of small parcel courier services, followed by NZ stock exchange-listed Freightways and Aramex, formerly Fastway.PBT, in which the Waterman Fund 3 LP holds a majori...

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