A wealthy New Zealand billionaire is in talks to acquire one of the world’s largest and most powerful assets, the world record-breaking $1.5tn New Zealand dollar.
The billionaire is also exploring a bid to buy the $2.5bn world’s biggest oil company, the National Australia Bank.
His business partner is also interested in the company, said sources close to Mr Bankson.
“The deal could come as early as this week,” one of them said.
New Zealand has been struggling to recover from the 2008-09 financial crisis, and has the world-class wealth of New Zealand’s richest person, James Dyson, who is worth $20bn.
Mr Bankson’s new investment could bring him more than $2bn in wealth in the coming decades.
“We are confident that we have a strong base of investors that have invested in New Zealand,” the banker said.
“And we believe that this would allow us to invest in the New Zealand economy.”
He added that the transaction would also benefit the New Zealand economy, adding: “It would be a good opportunity for us to be able to take on some of our debt and help to reduce the level of debt we have to bear.”
“We can have a really good shot at this and it would be good for the country,” he said.
Mr Dyson has also invested in a company called EDF Energy.
His investments are worth an estimated $400bn, but his latest $1bn purchase of the company would add $100bn to that figure.
His investment in the National Bank was announced in September.
Mr Bardson has also said he has invested in companies that make “very high-quality” investments, such as the $3.5 billion purchase of US oil giant BP.
“I have invested with a lot of people that are good,” he told the ABC’s The Weekend.
“They’re not just good at their jobs, but they’re very good at what they do.”
A lot of companies that I’ve invested in, they are very high-end, they’re not flashy but they have a high quality.
“He has also taken on debt from private equity firm Blackstone Group and is in negotiations with banks to get $30bn in loans.”
He’s not just investing his money in some fancy investments, he’s investing in real estate, in infrastructure and a lot more,” one banker said of Mr Banksons investment.
Mr Wall says his new investment is a “bigger step” in New Zeland.”
It is the biggest transaction that I have seen in the capital market, and I think that’s what I would expect from any New Zealand investor,” he added.”
To have a transaction that would be so significant in the national interest is a huge leap forward.
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