News | Business
14 Jul 2020 15:29
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    ANZ has sold the finance company UDC for 762 million dollars, to Japans' Shinsei Bank

    ANZ has sold the finance company UDC for 762 million dollars, to Japans' Shinsei Bank

    2 June 2020
    The sale follows a strategic review of UDC - in line with ANZ's strategy to simplify its business.

    ANZ has said it intends to release more than 2 billion dollars, to strengthen its balance sheet.

    The UDC sale is subject to regulatory approval.

    ANZ's previous attempt to sell UDC Finance...to Chinese company HNA...was rejected a few years ago by the Overseas Investment Office.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     14 Jul: More jobs have landed on New Zealand's table, sparking hope for the economy
     14 Jul: The high-end hotel industry's demanding movement on a trans-Tasman bubble by the end of the year
     13 Jul: Courgette prices are at an all-time high
     13 Jul: A budgeting adviser is warning rising food prices are putting pressure on Kiwi families
     13 Jul: It's the largest increase in food costs for more than three years
     13 Jul: A multi-million dollar loan to help keep Hawke's Bay Airport afloat
     13 Jul: The Prime Minister is paying tribute to the rural community - as Fieldays kicks off today
     Top Stories

    RUGBY RUGBY
    The Hurricanes are still unsure if they'll have a couple of key forwards back for Saturday's Super Rugby Aotearoa match against the Blues in Wellington More...


    BUSINESS BUSINESS
    More jobs have landed on New Zealand's table, sparking hope for the economy More...



     Today's News

    Entertainment:
    Victoria Beckham could "not be happier" for her son Brooklyn Beckham after he announced his engagement 15:19

    Environment:
    The Hurricanes are still unsure if they'll have a couple of key forwards back for Saturday's Super Rugby Aotearoa match against the Blues in Wellington 14:57

    Entertainment:
    Angelina Jolie has "learned so much" from her daughter 14:49

    Entertainment:
    Naya Rivera's body is being looked for by robots 14:19

    International:
    The Washington Redskins NFL team is changing its name — what does it mean for American sport? 14:17

    Law and Order:
    Police are calling for witnesses to a hit and run in Christchurch on Saturday night 14:07

    Entertainment:
    Khloe Kardashian is in a "really good space" with Tristan Thompson 13:49

    Law and Order:
    A man has been sentenced for secretly catching nearly 900 thousand dollars worth of shellfish 13:47

    Business:
    More jobs have landed on New Zealand's table, sparking hope for the economy 13:27

    Entertainment:
    Brooklyn Beckham has confirmed his engagement 13:19


     News Search






    Power Search


    © 2020 New Zealand City Ltd