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Tower’s ownership structure probed by strategic review

Insurance company assures business will operate as usual while review takes place.

Tower chair Michael Stiassny.

Dual-listed insurer Tower has announced a strategic review of its ownership structure, in order to remain competitive and “maximise” shareholder value.

The company said the review was supported by 20% shareholder Bain Capital, while Goldman Sachs was engaged as a financial adviser to assist with

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Jonathan Mitchell Mon, 04 Dec 2023
Contact the Writer: jmitchell@nbr.co.nz
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Tower’s ownership structure probed by strategic review
Investment,
101970
true