News
Strategic managers agree terms of $90m buyout
Monday 1st of September 2008
The group will pay NZ$25 million cash, inject NZ$15 million of new funds into the business and acquire loans for NZ$50.2 million, according to a company statement today. As part of the transaction, partner BOS International will increase its debt facilities to the company to NZ$150 million from NZ$100 million. The deal amounts to a rescue of the unprofitable finance company, which halt...
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