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Abercrombie dissents from Humm board to block sale

Ayesha de Kretser

Humm Group director Andrew Abercrombie has asked shareholders to vote against the $335 million sale of Humm’s consumer finance business to Ahmed Fahour’s Latitude Financial, in a rare display of director dissent.

Humm chairman Christine Christian said the rest of the company’s directors still backed the deal, under which Latitude would integrate Humm’s buy now, pay later and credit card businesses, in line with the recommendations made by independent expert Kroll.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/abercrombie-dissents-from-humm-board-to-block-sale-20220518-p5amfv