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Investment
2 mins to read

Geneva-related party borrowing fair to shareholders, says report

Shareholders to vote on further loans from Federal Pacific at EGM this month.

About 90% of Geneva Finance lending is for car loans.

NBR Staff Wed, 08 Nov 2023

An independent report has deemed proposed related party borrowing by NZX-listed Geneva Finance is fair to minority shareholders ahead of an extraordinary general meeting to vote on the deal this month.

Geneva Finance is 63.4% owned by Federal Pacific Group, a financial services company founded by

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NBR Staff Wed, 08 Nov 2023
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Geneva Finance Federal Pacific Alistair Hutchison Alan Hutchison Malcolm Johnston Simmons Corporate Finance Westpac
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Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
General Business
3

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7

Geneva Finance lifts 1H profit, buys debt collection operation

FMA cuffed Geneva shareholder over disclosure breach

8

Geneva to repay debt, end moratorium

GFNZ Group raises $1.66 million
4

Federal Pacific takes stake in troubled Geneva Finance
Geneva-related party borrowing fair to shareholders, says report
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