The sale of South Canterbury Finance has started with receivers calling for expressions of interest for the purchase of its assets.
There has been plenty of interest shown by potential buyers already but receivers McGrathNicol said they were now compiling a register of interestA final list of assets to be sold has not yet been compiled, but will include various loan books and three high-profile companies: Helicopters NZ, a majority shareholding in apple grower and processor Scales Corp and a third share of dairy farming company Dairy Holdings.
A spokesman for receivers McGrathNicol, said a full list of assets to be sold would be compiled in the coming week or so, but yesterday they called for registrations of expressions of interest.
Receivers Kerryn Downey and William Black said in a statement that since their appointment last Tuesday, they had worked with South Canterbury Finance (SCF) management to evaluate the status of companies that make up SCF Group, and to assess and stabilise their operations.
The next step was to support the continued operations of those companies and prepare them for sale.
