Business
Westpac appoints Macquarie for NZ bank review – The Australian Financial Review
Westpac Banking Corporation is mulling a spin-off of its New Zealand banking business, sources told Street Talk on Wednesday.
Westpac Banking Corporation is mulling a spin-off of its New Zealand banking business, sources told Street Talk on Wednesday.
Westpac is understood to have put its New Zealand unit under review Darrian Traynor
Westpac is understood to have put the unit under review and will run a scoping study to decide whether to retain it, spin it off to shareholders or even try to find a new owner.
Westpac executives, led by gun dealmaker Adam Penny, met with a handful of investment banks to talk about its options,…
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