Super Fund responds

The Superannuation Fund declined our request for an interview but provided us with a short statement. It said it's yet to make a final decision, with a number of conditions to be met including satisfactory due diligence, and approvals from the NZ Post Board and Reserve Bank. But it says it is a rare opportunity to take a significant minority stake in a large, unlisted New Zealand company. The Super Fund and ACC believe they can add value to Kiwibank through access to capital and active approach to investment management.