“..As a reporter it’s nice to be on the money, which, as the recent NZ Post results reveal, I was.
The NZ Post figures, see page 32 of the financial disclosure documents, confirm my estimate (see, it wasn’t a wild guess)-
- that the Gareth Morgan Investment (GMI) business sold for around $50 million.
In fact, NZ Post, via a newly-created entity called Kiwi Wealth Management -
- could end up shelling out as much as $58 million for GMI…”
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