1 Oct 2008

Sale of finance arm completed

6:14 am on 1 October 2008

The sale of the finance arm of Speirs Group to Allied Farmers has been completed.

Allied Farmers paid $5.6 million for it: $3.1 in cash and $1.8 million in shares, giving Spiers a 8.7% stake.

Speirs Finance has been amalgamated with Allied Nationwide Finance Limited.