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24 Apr 2024 4:33
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      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.

    © 2024 Newstalk ZB, NZCity


     Other Business News
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     Top Stories

    RUGBY RUGBY
    Gold Coast Titans and Kiwis prop Isaac Liu believes the allure of the Warriors jersey's become comparable to that of the All Blacks More...

    BUSINESS BUSINESS
    Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result More...


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     Business:
    Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result 18:57

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