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Heartland focuses on high-margin auto-loans, rural, SMEs as national credit growth stays subdued
By Paul McBeth Aug. 28 (BusinessDesk) - Heartland New Zealand, the lender formed from the merger of Pyne Gould's Marac Finance with the Canterbury and Southern Cross building societies, will put its energy into growing high-margin business as credit growth stays subdued for the...
Goodman Fielder to sell Integro unit for A$170M to GrainCorp consortium
By Paul McBeth Aug. 28 (BusinessDesk) - Goodman Fielder, the unprofitable food ingredients maker, will sell its Integro unit to a consortium made up of GrainCorp and Gardner Smith for A$170 million and will use the proceeds to pay down its debt. The sale doesn't include the ou...
NZ Takeovers Panel wants disclosure of long equity derivative positions
Aug. 28 (BusinessDesk) - New Zealand’s Takeovers Panel wants changes to securities law to require disclosure of long equity derivative positions because of the risk they could be used as part of a strategy to build an undisclosed stake in a company in the run-up to a takeover bi...
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