Westpac and MiTek withdraw clearance applications
The Commerce Commission has received formal notification from Westpac Banking Corporation and Mitek New Zealand Limited
that they have withdrawn their separate applications for business acquisition clearances under the Commerce Act.
Westpac, through Westpac Holdings-NZ-Limited, has withdrawn its application to acquire 100% of the shares in NBNZ
Holdings Limited, the New Zealand holding company of The National Bank of New Zealand Limited and its controlled
subsidiaries (National) from Lloyds TSB Bank plc.
MiTek has withdrawn its application to acquire the assets of Pryda New Zealand and Reid New Zealand. MiTek is part of an
international group of companies that manufactures and distributes fasteners, bracing, brackets, special structural
products and machinery.