ANZ to Kick Off Auction of Wealth Business
ANZ is formally starting its auction process and is set to release information to prospective suitors on its wealth business.
“ANZ is seeking a partner to take over its local insurance, advice and investments operations.”
ANZ is seeking a partner to take over its local insurance, advice and investments operations but hasn’t settled on a structure for any sale and said it remains open to options, including a possible listing of some or all of the division.
News Source: The Australian
The Australia and New Zealand Banking Group Limited (ASX:ANZ) first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. Its history involves many different bank prior to the merger of the Bank of Australia with the Union Bank of Australia Limited on 1 October 1951. Today, it provides a range of banking and financial products and services to over 9 million customers in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe, and America.
- Origin : Melbourne, Australia
- Assets : $ 889.90 billion
- Revenue : $ 36.98 billion
- Employees : 50,152
Official Website: www.anz.com
News & Media: Press Release
Updated on 8th August 2016