Monday 23rd May 2011 |
Text too small? |
GE Capital's equipment finance business has bought more than $100 million of commercial loan assets from South Canterbury Finance's (SCF) plant and equipment finance specialist, Face Finance.
SCF receivers Kerryn Downey and William Black of McGrathNicol said the deal followed a competitive sale process, and represented a key milestone in the realisation of SCF's loan book assets.
Previously they said Face had operated on a largely standalone basis from the rest of the South Canterbury Finance group, with a separate distribution network and customer relationships.
NZPA
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update