Former Humm chairman Andrew Abercrombie says the rest of the board has shunned him for his opposition to the sale of the group’s consumer finance business to Latitude Financial in a deal he says drastically undervalues the company.
“Really, I’ve been ostracised, frankly. I’m a very reasonable guy and I’m very happy to do a deal, even with Latitude,” Mr Abercrombie, who remains a Humm director, told The Australian Financial Review.
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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
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
