NZI Finance buy
NZPA-AAP Sydney NZI Finance Corporation, a wholly owned subsidiary of NZI Corporation, Ltd, has reached a definite agreement with United States-based Armco to acquire its commercial finance subsidiary, Armco Australia Financial Corporation and smaller related companies. In November, NZI Corpora-
tion announced that NZI Finance had signed a letter of intent to buy all the shares in Armco Australia, subject to approval by the Foreign Investment Review Board. Armco, whose Australian namesake has assets of about sAustlsoM ($259.5M), has issued a statement saying a definite agreement has been reached with NZI Finance.
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Bibliographic details
Press, 8 February 1985, Page 8
Word Count
95NZI Finance buy Press, 8 February 1985, Page 8
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