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Hostage to fortune: why Westpac could struggle to find the right buyer for its NZ subsidiary

By David Tripe, Associate Professor in School of Economics and Finance, specialising in Banking, Massey University
Martien Lubberink, Associate Professor of Economics, Te Herenga Waka — Victoria University of Wellington

The New Zealand subsidiaries of major Australian banks might be highly profitable, but realising their true sale value can still be a challenge.

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