Quote Originally Posted by Newman View Post
It looks that 80% of NZF Group's share in Mike pero Mortgage was sold to Resimac last Dcember.
No, NZF sold 80% of it's own homeloans division to Resimac. They maintain their 50% holding in Mike Pero (and proportionate holding in Real Estate).

Liberty and Resimac are competitors. Liberty has setup in competition to NZF/Resimac - this puts Mike Pero in a difficult position as the two principle shareholders are supplying competitive mortgage products.

It is such an Australian business practice to use the courts as a blunt instrument in commercial negotiation.