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.
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