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Company News Summary

NIB Holdings Announces to Acquire Kiwi Insurance

08 Nov 2021  |  08:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: nib to acquire Kiwi Insurance Limited

NIB Holdings announced that its NZ subsidiary, nib nz holdings (nib NZ) has agreed to purchase 100% of the shares in Kiwi Insurance, for a total consideration of $43m (NZ$45m). The acquisition is subject to receipt of regulatory approvals and is targeted for completion in early 2022.

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