Diversified Financial Services
Company Overview of UDC Finance Limited
UDC Finance Limited provides asset-based secured finance to businesses in New Zealand for the purchase of plant, vehicles, aircraft, construction machinery, and equipment. It offers various business finance products, including term loans; credit sale agreements; finance lease; Assetlink and EasyLink that are pre-approved lines of credit that make ongoing asset purchase easier; and Importlink, a line of credit. The company also provides personal finance products comprising vehicle loans and credit sale agreement products. It serves a range of industries, including transport, agriculture, manufacturing, construction, and government. UDC Finance Limited was formerly known as United Dominions Co...
23-29 Albert Street
Founded in 1938
Key Executives for UDC Finance Limited
Head of Lending, Operations & Strategy
Head of Investments & Intermediaries
Compensation as of Fiscal Year 2017.
UDC Finance Limited Key Developments
A Mystery Suitor For UDC Finance
Dec 15 16
A mystery suitor is said to have approached Australia and New Zealand Banking Group Limited (ASX:ANZ)'s for UDC Finance Limited. A north-Asia based suitor is said to have interrupted ANZ Banking Group's bilateral talks with HNA Group Co., Ltd. on the sale of the former's asset finance business in New Zealand. ORIX Corporation (TSE:8591) has previously showed interest in expanding locally, is not the mystery bidder. HNA is being advised by Nomura while Deutsche Bank is tending to ANZ on the UDC sale.
ANZ Bank Seeks To Sell Its UDC To HNA Group
Dec 9 16
Australia and New Zealand Banking Group Limited (ASX:ANZ) is poised to announce it will offload its UDC Finance Limited to HNA Group Co., Ltd. as early as next week. Sources told Street Talk the bilateral negotiations were in their final stages as parties worked toward an agreed deal and transition timeframe.
ANZ Reportedly Tangos With HNA Group On UDC Finance Sale
Nov 27 16
Australia and New Zealand Banking Group Limited (ASX:ANZ) and HNA Group Co., Ltd. are reportedly bunkered down in negotiations on the sale of UDC Finance Limited. Street Talk can reveal Australia & New Zealand Banking Group is in advanced discussions with HNA Group for the sale of its plant and equipment financing business UDC Finance. If the parties find common ground on price, a transaction may be announced before the 2016's end. HNA Group has been on the front foot looking to gazump other interested parties including Macquarie Group Limited (ASX:MQG). Macquarie Group is said to have also sought out bilateral talks ahead of a Deutsche Bank AG (DB:DBK) managed sale process kicking off. HNA Group is seeking one up on Macquarie Group this time round. Ernst & Young acted as financial advisor for Australia and New Zealand Banking Group.
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