Nathans investors to get some money back

Investors in the collapsed company Nathans Finance will be getting some of their money back.

Nathans is the wholly-owned subsidiary of vending company VTL Group that went into receivership in August, when its parent company revealed it was insolvent.

Around six thousand investors are owed a total of $166 million.

Receiver Colin McCloy says investors can expect a return of between 10 and 15 cents in the dollar early next year.

He says it is an initial dividend and he is working with the directors of VTL and looking at selling off other businesses.

One which is likely to go on the block is a vending operation called Shop 24, which has a potential for growth.

Mr McCloy says he hopes the sale can generate a further return for investors.

He says the complicated nature of the company's arrangements make it difficult to predict the final outcome.

- NEWSTALK ZB