Takeover battle eyed for Tower
A takeover battle for Tower could be emerging, after the Suncorp-backed Vero Insurance launched an on-market bid to take 20 per cent of the New Zealand listed company.
The Canadian firm, Fairfax Financial Holdings, launched a $197 million bid for Tower in early February which was supported by the board and major shareholders.
Suncorp’s decision to enter the market comes just a week after chief executive Michael Cameron revealed a review into the Queensland bank’s life insurance division was underway.
Add your comment to this story
New Hope in talks over potential Coronado rescue
New Hope Corporation is believed to have held discussions with Coronado Global Resources about potential rescue options for the struggling coal miner.
Citi wins government advice role for kiwi toll roads
Citi has won the contest to advise the New Zealand government on options for future toll road and transport development sales.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout