By Andrew Bevin
Copyright newsroom
A two-to-one merger has left much of New Zealand’s cash infrastructure in the hands of one company. Photo: Getty Images
Business news in association with
New Zealand’s sole cash-in-transit provider has raised the possibility of major banks attempting to take over its operations – an allegation strongly denied by the Banking Association as their dispute intensifies.
The banks now claim they’re just trying to “restore balance” in the face of the exercise of market power by Armourguard Logistics Limited.
Subscribe to continue reading
Already have an account? Sign In.
Unlimited access Newsroom Pro articles
Bonus subscription for a friend or family member
Exclusive subscriber-only emails
Access to post and read comments on articles
A daily morning email of news and insights curated by Newsroom Pro editorial team
Start 14-day free trial now
Andrew BevinBusiness reporter
Business reporter Andrew Bevin specialises in property, aged care, logistics and markets.
More by Andrew Bevin
Start your day with a curation of our top stories in your inbox.
