Fisher Funds buys Kiwi Wealth for $310m
Deal includes distribution agreement with Kiwibank, but not the Kiwi Wealth brand.
Fisher Funds chief executive Bruce McLachlan.
Fisher Funds has signed a deal to buy fund manager Kiwi Wealth for $310 million, subject to Overseas Investment Office approval.
Kiwi Wealth, a sister company of Kiwibank, is being sold by its owners NZ Post, the Super Fund, and ACC.
A seven-year distribution agreement with Kiwibank is included in
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