New Zealand Post is considering selling its corporate offices in Wellington and Auckland to raise money to reinvest in the business.
The State postal operator will get $142 million from selling its stake of 35% in Datacom to the New Zealand Superannuation Fund. The deal will result in a gain of $76.4 million.
Chief executive Brian Roche said it will be used to repay debt and invest in other parts of its business, including Kiwibank.
