Silver Fern Farms sale to complete ahead of schedule
By Edwin Mitson Nov. 22 (BusinessDesk) - The controversial deal which will see meat processor Silver Fern Farms sell a 50 percent controlling stake to China's Shanghai Maling for $267 million in cash is to completed before the end of the year. The transaction, which was ap...
NZ dollar consolidates gains against US, Aus currencies
By Edwin Mitson Nov. 22 (BusinessDesk) - The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenback. The local currency traded at 70.78 US cents, compared to 70.37 cents...
Heartland Bank retains interest in ANZ's UDC division
By Edwin Mitson Nov. 22 (BusinessDesk) - Heartland Bank has told investors that it remains interested in buying asset finance company UDC from ANZ Bank, describing it as an "ideal fit." In his speech at the company's annual general meeting in Christchurch, chief executive J...
UPDATE: Wynyard's Cognevo division sold to Telstra
(Update confirms sale to Telstra, adds Telstra statement in third paragraph) By Edwin Mitson Nov. 22 (BusinessDesk) - The administrators of crime-fighting software company, Wynyard, have sold its Cognevo division to Australian telecoms giant, Telstra. In a statement to...
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