The ASB Group has sold finance company S.H. Lock to Amalgamated Dairies, the investment vehicle of the Goodfellow family.
Peter Goodfellow will take control of S.H. Lock, which was acquired by ASB through its purchase of Sovereign in 1998.
Amalgamated said it would develop S.H. Lock's trade finance and factoring activities with special emphasis on small and medium-sized enterprises.
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