An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in
By Rebecca Howard Jan. 26 (BusinessDesk) - Partners Life, a life insurance company whose owners include private equity firm Blackstone, has appointed Jim Minto as its new chairman, the company said t
By Claire Lee A factory turned into a battlefield, riot police armed with tasers and an activist who spent 100 days atop a chimney – the unrest that inspired Netflix's most successful show has all t
Nick Malarao began his legal career at Meredith Connell in Auckland 23 years ago, but the firm's longest-serving member and senior partner of 14 years is leaving to become a barrister. In a leaving
The average New Zealander tends to have their first child before marriage and to marry before buying their first home. It's a similar pattern, with similar average ages, to that followed by our Austra
Former New Zealand Exchange-listed company Just Life Group has sold its hot water cylinder installation and service company, The Cylinder Guy, for an undisclosed sum. Just Life Group (JLG) delisted fr
Fisher and Paykel Healthcare and the New Zealand sharemarket staged a strong recovery on relief that the US tariffs on Mexico and Canada have been put on hold. The S&P/NZX 50 Index traded steadily and
July 1 (BusinessDesk) - Tower has sold its remaining life insurance business to Australian-owned Foundation Life (NZ) Holdings for $36 million, completing its transformation to a general insurer. Th
By Kohei Choji, Koichi Nagano and Tetsu Joko On an island off the coast of Nagasaki, ruins that seem on the verge of collapse stand clustered behind a high seawall. Though officially known as Hashim
By Tunku Varadarajan Angela Merkel served as chancellor of Germany for four consecutive four-year terms, from 2005 to 2021. Only Helmut Kohl had a longer stint at the helm of a democratic Deutschland�
Jamie Beaton doesn’t want to discuss Jake Millar. For 45 minutes, the founder of Crimson Education, the university admissions support company, has been talking nonstop, with blistering enthusiasm an
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
By Jenny Ruth March 5 (BusinessDesk) - Partners Life has launched an advertising campaign aimed at getting New Zealanders to think about whether they need life insurance. That’s at a time when the
ASX-listed Centuria Capital is making another tilt at Augusta Capital, offering $1 a share for the 76.7 percent it doesn't already own. That's half the per-share amount it was prepared to pay in Janua
Partners Life has agreed to buy the Bank of New Zealand’s life insurance business for $290 million. The life insurer counts US private equity firm Blackstone as a backer, and has been toying with an
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
Outgoing Ebos chief executive John Cullity says he doesn’t want to work every day anymore. On Wednesday, Cullity announced he would retire from the dual-listed animal and healthcare company on Jun
By David A Shaywitz We cling to tidy success narratives – appealing stories that trace an outsize triumph to a single critical decision, a vital personality trait, a striking incident from childhood
Just Life Group (JLG) was listed in 2004. JLG was previously known as Just Water International (JWI) until March 2019. The name change reflected the strategic intent of the Group, evidenced by the acq
Centuria NZ expects to pay an initial 6.5% after-tax cash distribution to investors in its first rural venture, its agricultural property fund. The Australian stock exchange-listed property group, whi
Augusta Capital is buying the Visy glass factory in Auckland for $178 million in a sale-and-lease back deal, with Visy and Augusta planning to syndicate the property. At the same time, Augusta's new A
The Life is a BusinessDesk section for people with an appetite for living well, who like to celebrate the good things in life – whether that’s investing in your health and wellness or a weekend at
Centuria New Zealand will launch a roadshow to wholesale investors next week, rolling out its latest ‘value add’ fund, dangling an annual pre-tax return of 13% to investors, backed by upper-end se
A new unlisted property fund, Centuria NZ Healthcare Property Fund, is offering investors a way to protect against inflation with the manager expecting to pay investors a 5% cash annual income paid mo
Australian insurer Suncorp is selling its New Zealand life insurance business, Asteron Life, for $410 million to an international insurance group, Resolution Life. In a statement to the Australian sec
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