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.
| « Kepa, The Advisers Institute, reveals new partner | nib gets its latest rating report card on its performance » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved