Allied Farmers signals willingness to dip toe back into finance business

Thu, 14 May 2015

By Jonathan Underhill May 14 (BusinessDesk) - Allied Farmers, whose former finance arm Allied Nationwide Finance failed in 2010 owing $130 million to debenture holders, has signalled willingness to return to financing, albeit in a small way, by helping fund livestock transactions. The Hawera-based company raised $210,00 in a private placement and plans to raise up to $1 million more from existing shareholders in a share purchase plan partly underwritten by Fraters Group, a private company associated with former Citigroup director Mark Ben...

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