RBNZ approves ASX-listed Wolfstrike's purchase of lender FE Investments

Fri, 26 May 2017

By Paul McBeth May 26 (BusinessDesk) - The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. Sydney-based Wolfstrike today said it was granted approval yesterday by the RBNZ to go ahead with buying FE Investments in an all-scrip deal, giving the New Zealand firm's owners a controlling stake in the enlarged entity. The deal needed central bank approval because FE Investments is a non-bank deposit taker. ...

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