None
EN
Taranaki group TCAS files injunction to thwart TSB Bank sale
['Andy Macdonald']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
The proposed tie-up of TSB Bank and Heartland Bank is headed for court as Taranaki locals move to block the deal.
(Image: Getty)A Taranaki group fighting a proposed $620 million sale of TSB Bank to Heartland Bank has filed an interim injunction at the High Court in New Plymouth seeking to stop the deal.Taranaki Community Accountability Society’s (TCAS) interim injunction is lodged against the nine trustees of Toi Foundation, which owns TSB Bank.The case, which includes a 10-point schedule of documents and information sought as well as four headline causes of action, was filed and served on Thursday.The proposed transaction, announced in June, would create the sixt...