Pero reclaims business
Mike Pero has bought back the 50% of his business he didn't own.
Tuesday, June 17th 2003, 6:16AM
South Canterbury Finance bought half the company in 1996 to help it expand into the North Island, particularly into the Auckland market in 1997.
Pero said that he had wanted to regain full ownership for some time.
Mike Pero Mortgages processes $1 billion of loans annually.
| « Brokers not keen to see NBNZ sold | Pero planned to sell his business - not buy it » |
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