27 Oct 2015

F&P finance sells to FlexiGroup

4:48 pm on 27 October 2015

Appliance maker Fisher & Paykel has confirmed the sale of its finance division to Australian-listed financial services company FlexiGroup.

Fisher & Paykel Finance Holdings was established in 1973 and provides customers with finance when buying products.

It sold for $315 million, made up of $250 million to be paid now and $65 million later.

The deal is subject to Overseas Investment Office and Reserve Bank approval.