Australia's Judo Capital gains on report of potential ANZ takeover

Judo Capital Holdings

01/09/2026 06:16

** Shares of Australia's Judo Capital Holdings JDO.AX rise as much as 8.4% to A$1.1000, hitting their highest level since August 19
** Stock on track for its strongest session since August 25, if gains hold
** The Australian reports ANZ ANZ.AX may have held recent talks to acquire the A$1.13 billion($809.87 million) SME lender
    ** Judo Bank and ANZ did not immediately respond to a Reuters request for comment 
** Buying Judo will help home-loan-reliant ANZ diversify into the SME funding market, the report published in the Dataroom section said  
** Judo would like a valuation around 1.3x book value, according to The Australian 
** Stock down 37.8% YTD


($1 = 1.3953 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))