Right on deadline

Friday 4th October 2002

ABN tops deal-broking

ABN-Amro's investment banking staff broke out the champagne this week as two surveys ranked them top in deal-broking activity. Bloomberg league tables put ABN top of the year-to-date mergers and acquisitions league tables as adviser to nine deals worth $US2.07 billion ($4.4 billion).

Deutsche Bank was second with deals worth $US1.8 billion and Macquarie Bank third at $US471 million.

State buys council flats

The government yesterday approved Housing New Zealand's offer to buy Auckland City Council's pensioner housing for $83 million.

Housing New Zealand will buy 1542 pensioner flats on 50 sites and 129 other residences under the deal, and spend up to $75 million over the next five years to upgrade or replace the existing properties.

The council will consider the offer for the 1700 units over the next week.

Westgate top in Taranaki

New Plymouth's port company, Westgate Transport, won the supreme award at the WestpacTrust Taranaki Chamber of Commerce Business Awards. Westgate also won the Strategem large business and Skill NZ training and development awards.

Noel Yarrow, owner of the Yarrows bread bakery in Manaia, and Peter White-Robinson, owner of Fitzroy Engineering and Fitzroy Yachts, were admitted to the province's business hall of fame.

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