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Heartland Group Says High Court Dismisses Injunction Bid Over TSB Bank Deal

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Heartland Group Holdings (ASX:HGH, NZE:HGH) said the High Court of New Zealand has dismissed an application by the Taranaki Community Accountability Society for an interim injunction against the process for the proposed sale of TSB Bank to the company by the Toi Foundation, according to Tuesday filing with the New Zealand bourse.

The proposed merger of TSB and Heartland Bank to create TSB Heartland Bank remains subject to approval by the Toi Foundation trustees, who are expected to make a decision this week, the filing added.

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