New Zealand Post deal makes Maltese cross
A political brouhaha lashed Malta following last week’s disclosure New Zealand Post was taking over the tiny Mediterranean island’s postal service.
It was announced last week that NZ Post subsidiary Transend had bought 35% of Maltapost in a $6.5 million deal which also involved a two-year management services contract for Maltapost.
The deal has Maltese Liberal government and opposition MPs at each other’s throats and comes hard on the heels of a disgraced NZ Post’s dramatic eviction from South Africa last year.
