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8303 - Shinsei Bank News Story

¥1194 8.0  0.7%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £1.97bn
Enterprise Value £4.81bn
Revenue £2.70bn
Position in Universe 363rd / 3862

BRIEF-ANZ Announces Sale Of UDC Finance To Shinsei Bank For NZ$762 Mln

Tue 2nd June, 2020 12:47am
June 2 (Reuters) - Australia and New Zealand Banking Group
Ltd  ANZ.AX :
    * ANNOUNCES SALE OF UDC FINANCE
    * AGREED TO SELL ITS ASSET FINANCE BUSINESS IN NEW ZEALAND,
UDC
FINANCE, FOR NZ$762 MILLION TO SHINSEI BANK LTD
    * SALE PROVIDES ABOUT AUD$439 MILLION OF LEVEL 2 GROUP CET1
CAPITAL AT SETTLEMENT.
    * SALE WILL ALSO RELEASE MORE THAN NZ$2 BILLION OF FUNDING
PROVIDED BY ANZ NEW ZEALAND
    * SALE COMPLETION EXPECTED IN SECOND HALF OF 2020 CALENDAR
YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nASX6nwn6s
Further company coverage:  ANZ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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