By Campbell McIlroy
Friday 29th September 2000 |
Text too small? |
Axa is understood to have negotiated the sale of HLNZ residential mortgage lending, Freedom Financial Services and the National Mutual fund management lending division. The deal was negotiated by MacQuarrie Bank in Wellington.
No details have been made available on whom the businesses were sold to or what the sale price was.
The move was not unexpected as Axa had signalled its intention to get out of some of its non-core businesses at its last results announcement. Analysts suggested the move was consistent with Axa's strategy at that time.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes