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
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens