Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Leading corporate bank backs Charlie’s

11 May 2006

Leading corporate bank backs Charlie’s

Premium beverage company Charlie’s Group Limited has reached agreement with ANZ to provide all banking facilities required for day to day operations and to underwrite future growth.

Chief Executive Officer Stefan Lepionka said ANZ understood the Charlie’s business proposition and was enthusiastic to be part of it.

“It is our anticipation that the flexible financing facilities provided in the agreement will meet all our funding needs in the medium term, including acquisitions, growing distribution and plant expansion.”

Earlier this year Charlie’s Group acquired the Phoenix Organics Group. It has also signaled that it may make further acquisitions to expand its beverage offering in New Zealand and Australia.

Prior to the agreement with ANZ, Charlie’s Group was ungeared and funded growth with shareholder’s equity.

“We are delighted to have the involvement and support of the leading provider of corporate banking services in New Zealand,” Mr Lepionka said.

ANZ Head of Corporate Banking Ross Verry said the bank was thrilled to become the primary banker for Charlie’s Group.

“We believe Charlie’s is an innovative and dynamic company with a strong market position and exciting prospects.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Conservation Win: Mice Eradicated From Antipodes Island

In a world-leading conservation effort, mice have been successfully eradicated from Antipodes Island in the New Zealand Subantarctic, Conservation Minister Eugenie Sage announced today... More>>


Transport Tech: Roadmap To Harness $1.5 Bn Sector

A new Future Technology Leadership Group will help New Zealand harness some of the $1.5 billion a year estimated value to the economy from Intelligent Transport Systems (ITS) as well as the social benefits they create... More>>


Economy: GDP Rises On Strength In Services

The economy, as measured by gross domestic product (GDP), grew 0.6 percent in the December 2017 quarter, Stats NZ said today. Growth was driven by increases in the service industries but was tempered by falls in the primary sector. More>>


Dolphins In Danger: More measures to protect

Fisheries Minister Stuart Nash and Conservation Minister Eugenie Sage are accelerating work to improve protection of the nationally endangered Hector’s dolphin, after five were accidentally killed in a fishing net off Banks Peninsula. More>>


Innovative Partnerships:Govt Launches R&D Programme

Research, Science and Innovation Minister Megan Woods has today formally launched the Innovative Partnership programme which aims to attract future-focused international innovators and firms to undertake R&D and develop their products in New Zealand.... More>>


Planes And Oil: Current Account Deficit Widens To $2.0 Billion

New Zealand's seasonally adjusted current account deficit widened to $2.0 billion in the December 2017 quarter, Stats NZ said today. The $407 million increase in the deficit was mainly driven by New Zealand importing aircraft and other transport equipment, and crude oil. More>>


RMTU: Lyttelton Port Strike

Sticking points now include LPC’s insistence on docking the pay of workers who didn’t take part in strike action last week – because they withdrew the strike notice. “In our view this amounts to an illegal lockout.” More>>


"Licensed To Krill": Greenpeace Report On Antarctic Fishing

A new Greenpeace investigation has exposed the environmental risks of the fast-growing krill industry in one of the most pristine parts of the Antarctic Ocean. More>>