BNZ For Sale?
I have been hearing strengthening rumours that the National Australia Bank, BNZ's owners, have it up for sale. Part of a plan to sell down and strengthen the mother ship.
Let's hope Toll's Paul Little has not been advising the nab Board on how to negotiate with the New Zealand government - particularly Michael Cullen - I can just see Cullen and Clark adding this to their pile of nationalised businesses.
Any others heard this?