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Press Release – Joint Press Release
Ngi Tahu Holdings, the investment arm of Te Rnanga o Ngi Tahu, will take a $140 million, 24.9% stake in Fidelity Life, further strengthening the life insurers New Zealand-owned credentials. Ngi Tahu Holdings investment will help fund Fidelity …
Ngāi Tahu Holdings, the investment arm of Te Rūnanga o Ngāi Tahu, will take a $140 million, 24.9% stake in Fidelity Life, further strengthening the life insurer’s New Zealand-owned credentials.
Ngāi Tahu Holdings’ investment will help fund Fidelity Life’s acquisition of Westpac Life, which was also announced today, subject to regulatory and shareholder approvals.
Fidelity Life Chair Brian Blake says welcoming Ngāi Tahu Holdings as an investor, alongside the NZ Super Fund, is another significant milestone for the wholly New Zealand owned life insurer. ....

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