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Westpac may spin off NZ business

The Australian parent has hired advisers to review the local unit and decide what to do.

Maria Slade Wed, 24 Mar 2021

Westpac Banking Corporation has put its New Zealand unit under review and has reportedly hired Macquarie Capital to run a scoping study to decide whether to spin it off to shareholders.

In a statement to the ASX and NZX, Westpac confirmed it was assessing whether a demerger would be in the best

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Contact the Writer: maria@nbr.co.nz
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Westpac may spin off NZ business
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