NZ Post considers sale of Australia-based Converga unit after approaches

Mon, 15 Jun 2015

By Suze Metherell June 15 (BusinessDesk) - New Zealand Post is considering the sale of its mail and record management outsourcing unit, Converga, and has hired 333 Capital to help with the potential exit of its last peripheral Australian business. The state-owned mail service hired the consulting firm after receiving a number of approaches from possible buyers, NZ Post chief financial officer David Walsh told BusinessDesk. A possible sale had been announced internally, he said. "We're not in a fire sale, we're doing this only if it va...

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