KERRY-BASED financial services firm Fexco has bought a majority shareholding in the New Zealand-based group, Federal Pacific for a multi-million euro sum.

A KERRY-BASED global payments company was yesterday described by Finance Minister Brian Cowen as a wonderful model of Irish business success.

KERRY-BASED payments company Fexco continued to blaze a trail of acquisitions yesterday when it snapped up a Northern Ireland-based car rental company for approximately €8 million.

KERRY-BASED financial services group Fexco could be in line for a major expansion in Britain after buying a majority stake in The Gift Voucher Shop, the company that sells gift vouchers for over 500 shops through the Irish post office network.