Thu, 19 Nov 2009 5:45a.m.
Allied Chairman John Loughlin
Allied Farmers deal to buy Hanover and United Finance Assets will need to get approval from Allied shareholders and Hanover investors.
The deal involves swapping Allied shares for Hanover debentures. Allied farmers itself has been struggling – making a loss of $34 million for the year ended June 30.
Allied Chairman John Loughlin tells Michael Wilson why Allied want to take on Hanover’s problem loans