Vero's Tower takeover appeal to be heard in January, ComCom's Berry says

Mon, 04 Sep 2017

By Paul McBeth Sept. 5 (BusinessDesk) - Vero Insurance's appeal against the Commerce Commission's rejection of its planned takeover of rival general insurer Tower will be heard in January next year, says commission chairman Mark Berry. The appeal is one of two major decisions the regulator is preparing for after a heavy year of merger and acquisition activity that saw the commission face "some of our most complex cases," Berry told a stakeholders briefing in Wellington. In the past year, the commission rejected merger applications by new...

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