22 Oct 2010

Goldman Sachs to sell SCF assets

10:44 pm on 22 October 2010

The receivers of South Canterbury Finance have appointed investment bank Goldman Sachs to sell two of the failed finance company's assets.

South Canterbury Finance owns Helicopters NZ and a majority stake in Scales Corporation.

Both businesses are not in recievership.

Receiver Kerryn Downey, of McGrath Nicol, says there has been a lot of interest in the assets and he hopes to complete the sales within the next four months.