Air New Zealand Sunday wrote to the New Zealand Stock Exchange reiterating its position that it had not purchased any shares in Virgin Blue. The New Zealand’s national carrier denied reports that it had bought a share in Virgin Blue in that statement, coming as a reply to rife media speculations over the suspected deal, [...]

Axa Asia Pacific Holdings Ltd Thursday reported that it had entered talks with National Australia Bank (NAB) in a move to have their deal extended. Axa is seeking to have the deal for the proposed acquisition extended in a move that analysts hope will ameliorate the fears of the Australian competition watchdog, the Australian Competition [...]

In a latest report released by New Zealand’s Overseas Investment Office, it surfaced that the country had recently received major foreign investment with a single record investment placed at $4.7 billion. The OIO reported that the March purchase of a stake in Craigs Investment Partners by the Germany bank, Deutsche Bank was worth $4.7 billion. [...]

British Pay-TV operator, Sky Television, Friday announced it had purchased outside broadcast operator, OnSite Broadcasting New Zealand at an investment worth $13.5 million. OnSite is owned by Prime Media Group, an Australian media company the British broadcaster had contracted for all of its sports broadcasting.
In the investment deal, Sky reported that it would go into [...]

There has been mixed reactions over the move by Auckland International Airport to invest $27.7 million for the acquisition of a quarter shares in Queenstown Airport. The point of contention, according to reports, is unanswered questions over the value at which the deal was undertaken. In the deal that sealed the investment, Auckland Airport will [...]

In a move that could witness the latest consolidation in New Zealand’s financial sector, SBS Bank and HBS Building Society announced that they had signed a merger agreement. SBS Bank, formerly known as Southland Building Society signed a heads of agreement with HBS to pursue a merger and both boards are in unanimous support of [...]