July 30 (Reuters) - Turners Ltd TNR.NZ :
* Entered into an unconditional agreement to purchase christchurch based
Southern Finance Limited
* Consideration will be paid in cash on the settlement date, 31 July 2015, and
will be funded from bank borrowings
* Expect the acquired business to immediately contribute around NZ$750,000 p.a
* Purchase price is NZ$5.0 million for net assets of approximately NZ$3.3
million and goodwill of NZ$1.7 million
* Will continue to operate the business under the Southern Finance brand
* Source text for Eikon ID:nNZWbq0rbv