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Marac

PGC in talks to buy Aegis from ASB

PGC in talks to buy Aegis from ASB
Wellington, Sept 2 NZPA - Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank Ltd to buy fund management business Aegis.

Pyne Gould's Marac Eyes Lower Funding Costs In Banking

Pyne Gould's Marac Eyes Lower Funding Costs In Banking
Wellington, Feb 26 NZPA - Pyne Gould Corporation said a banking licence for its finance subsidiary Marac will give it a lower cost of funding. The company is focusing on raising Marac's credit rating a notch to investment grade, which is needed for a bank licence.

Pyne Gould Corp Says It Is Time To Tidy Up The Boardroom

Pyne Gould Corp Says It Is Time To Tidy Up The Boardroom
Wellington Oct 30 NZPA - In the wake of its massive capital raising, Pyne Gould Corp has signalled a boardroom shake up.

Pyne Gould Corp Announces $237 Million Rights Issue

Pyne Gould Corp Announces $237 Million Rights Issue
Auckland, Sept 23 NZPA - Pyne Gould Corporation (PGC) says its $237 million rights issue should give investors confidence in the company. "Doing nothing was, and is not an option," said director Bryan Mogridge.

PGC Makes Payment For Director's Company Contingent On Targets

PGC Makes Payment For Director's Company Contingent On Targets
Wellington Aug 28 NZPA - Finance group Pyne Gould Corporation (PGC) says it could deduct up to $8 million -- 43 percent of the purchase price -- from the amount it is paying for a small company controlled by its biggest shareholder.

Contact Energy Shrugs Off Weakness To Close Higher

Contact Energy Shrugs Off Weakness To Close Higher
Wellington, Aug 14 NZPA - Contact Energy shares closed higher even after the company reported a 50.4 percent fall in annual profit, as investors continue to bet companies will be able to move on from a hard year.

S&P Lowers Marac Finance's Credit Rating

S&P Lowers Marac Finance's Credit Rating
Wellington, Aug 13 NZPA - Pyne Gould Corp (PGC) said a decision by credit rating company Standard & Poor's to lower the credit rating of its finance company Marac was unexpected and disappointing.

John Duncan To Head New PGC Co Perpetual Asset Management

John Duncan To Head New PGC Co Perpetual Asset Management
Wellington, Aug 11 NZPA - Pyne Gould Corporation (PGC) has appointed John Duncan, a former senior Macquarie Group executive, as chief executive of its new asset management company, Perpetual Asset Management.

Marac Products To Be Offered To AA Customers

Marac Products To Be Offered To AA Customers
Wellington, May 22 NZPA - Marac Finance Ltd is expanding in the vehicle finance market via a partnership with the New Zealand Automobile Association (AA).

Finance Co, Carmaker Offer Job-loss Insurance For Vehicles

Wellington, May 19 NZPA - Car maker Hyundai and finance company Marac are launching a deal allowing people to return their cars if they lose their jobs -- a scheme they are calling a New Zealand first.

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