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KM Financial Solutions | UPDATE 1-ANZ drops plans to sell unit to HNA after New Zealand blocks deal
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UPDATE 1-ANZ drops plans to sell unit to HNA after New Zealand blocks deal

11 Jan UPDATE 1-ANZ drops plans to sell unit to HNA after New Zealand blocks deal

Posted at 02:36h in News by
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Jan 12 (Reuters) – Australia and New Zealand Banking Group
Ltd said on Friday it had dropped plans to sell its UDC
Finance unit to HNA Group after New Zealand blocked the deal
over concerns about the Chinese conglomerate’s ownership
structure.

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