ANZ optimistic over Ansett buy-out

1996-05-08T00:00:00

Air New Zealand (ANZ) has set a 30 June target date to complete its stalled NZ$350 million ($241 million) buy-out of TNT's 50% stake in Ansett. In April, the New Zealand Commerce Commission blocked ANZ's bid because it would have resulted in the carrier also acquiring 50% of domestic competitor ...

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