NZ Post ponders Kiwi Wealth sale

Worth perhaps $150 million, the fund manager is said to be attractive to Australian suitors. (Photo: supplied).

Mon, 31 Jan 2022

Kiwi Group Holdings has enlisted Goldman Sachs to explore a possible sale of its fund management business Kiwi Wealth to free up some capital, BusinessDesk understands.One source, who declined to be named, confirmed they were aware the fund manager was being shopped to possible buyers as suggested in the Australian Financial Review. Kiwi Group did not respond to questions. Kiwi Wealth started life as a private investment firm called Gareth Morgan Investments, before launching into KiwiSaver in 2007 and being bought by majority government-o...

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