About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 15th, 2:25PM
rss
Latest Headlines

Commerce Commission: No issues for Sovereign

The Commerce Commission has signalled it sees no problems with AIA’s move to buy Sovereign in New Zealand.

Thursday, October 26th 2017, 1:53PM

It was revealed last month that the insurer would buy CommInsure in Australia and Sovereign in New Zealand from the Commonwealth Bank of Australia, in a deal worth $4.15 billion for the two businesses.

The deal required regulatory approval in New Zealand and Australia.

A spokeswoman for the Commerce Commission said the parties had notified it about the merger.

“We have made some initial inquiries and we are not currently seeking to review it further.”

 The Reserve Bank would not comment on whether it had reached a decision.

Tags: AIA commerce commission Reserve Bank Sovereign

« Kepa, The Advisers Institute, reveals new partnernib gets its latest rating report card on its performance »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Strategy Thoughts
News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com