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ANZ to fund Cedenco Foods to keep business going
MEDIA RELEASE 9 November 2009
ANZ to fund Cedenco
Foods to keep business operating
Today ANZ National
Bank Limited appointed receivers into food processors
Cedenco Foods. ANZ National has committed seasonal funding
to the receivers to allow Cedenco to continue to
trade.
ANZ National recognises the importance of Cedenco to the Gisborne and Hawkes Bay communities and wishes to reassure these communities that seasonal funding is in place. ANZ National also wishes to reassure the growers who have planted crops for Cedenco that there is funding to meet Cedenco’s obligations to purchase those crops.
ANZ National's Australian parent company, Australia and New Zealand Banking Group Limited, has also appointed receivers into SK Foods Australia Pty Limited, Cedenco JV Australia Pty Limited and SS Farms Australia Pty Limited in Northern Victoria, Australia. Seasonal funding has been committed to the receivers of these businesses also.
ends
ANZ Bank New Zealand Limited
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