“…Why NZ Post paid $58 million for Gareth Morgan..”

“..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…”

(cont..)

go to source/story>>>

Inside Money: Why NZ Post paid $58m for Gareth Morgan – Personal Finance – NZ Herald News.

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