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10 Dec 2025 10:52
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      Home > News > Business

    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


    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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     10 Dec: Christchurch City Council has modelled what a Government-imposed rates cap could mean for the city
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     09 Dec: The Resource Management Act is officially bound for the scrapheap
     09 Dec: The Government's about to unveil its re-write of the Resource Management Act
     09 Dec: NZ needs more entrepreneurs. Will its new tertiary strategy reward real risk takers?
     09 Dec: Mobil is rolling out a new self-service brand, following a similar move by Z Energy earlier this year
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     Today's News

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     Soccer:
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     National:
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     Auckland:
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     Entertainment:
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     Law and Order:
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     Technology:
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     International:
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     Health & Safety:
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     Entertainment:
    Dick Van Dyke hosted a two-hour charity singalong before his 100th birthday 9:50

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