Sunday, October 12, 2008

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?

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