PremiumBusinessDesk2 Jun, 2026 06:25 AM5 mins to readDual-listed Heartland will buy all the TSB shares from Toi Foundation for $620m and establish the TSB Heartland Bank. The merger is expected to be completed in December.The New Zealand sharemarket fell more than 0.5% on a busy day that featured a bank merger, a healthcare sale and a sharp rebound by software firm Gentrack.
The S&P/NZX 50 Index traded steadily in the morning but dipped strongly at midday and closed at 13,170.71, down 73.84 points or
