Pyne Gould Corporation says it expects to sell the rest of its Perpetual business before Christmas.
At its annual meeting in Auckland on Wednesday, shareholders heard that managing director and majority shareholder George Kerr couldn't make the meeting because he's overseas closing the deal to sell the wealth management arm.
If successful, the sale will mean Pyne Gould will have no assets in New Zealand and the company is likely to delist here, and seek a listing in either Australia or Britain.
