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Hot Topic Hawke’s Bay
General Business
3 mins to read
3

Merchant bank named as defendant in CBL claim

Case relates to $150m acquisition in year before CBL’s collapse.

CBL chair and managing director Sir John Wells (left) and Peter Harris.

Tim Hunter Mon, 04 Jul 2022

Merchant banking firm Bancorp has been confirmed as a defendant in legal action filed by liquidators of failed insurer CBL Corporation over a $150 million acquisition.

According to its website, Auckland-based Bancorp “has undertaken M&A roles on behalf of New Zealand’s best-known organisations

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Tim Hunter Mon, 04 Jul 2022
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
CBL Bancorp Corporate Finance Sir John Wells Peter Harris Alistair Hutchison SFS Neale Jackson Craig Brownie
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