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Briefs: COG takes control of Westlawn, Latitude and Harvey Norman renew terms

Commercial finance aggregator and lender Consolidated Operations Group has acquired an additional 19.2 per cent of Westlawn Finance Ltd, taking its stake to 51 per cent. COG raised $5 million of unsecured debt to fund the deal, with a further payment to be made in 12 months. COG said it will expand Westlawn’s activities, including the establishment of a managed investment scheme to tap a new source of funds.

 

Latitude Financial has renewed its contract with Harvey Norman and will provide interest-free and instalment payments to the retailer’s customers for a further five years. Latitude said in a statement that it would expand LatitudePay into the “big ticket category”.

 

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