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1 Jan 2026 7:08
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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.

    © 2026 Newstalk ZB, NZCity

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     Today's News

    		 Health & Safety:
    Former Australian cricketer Damien Martyn has been placed into an induced coma after being diagnosed with meningitis 6:06

     Environment:
    Heavy rain is expected for the Northwest of the South Island 21:57

     Entertainment:
    Miley Cyrus pitches her songwriting skills to legendary filmmakers and Hollywood stars at events to get involved in movies 20:08

     Entertainment:
    Jamie Lee Curtis is glad she narrowly dodged fame as a child thanks to her late mom Janet Leigh 19:38

     International:
    The US is ramping up its security in Louisiana, a year after a deadly terror attack 19:27

     Environment:
    Stormy weather's forecasted to keep battering Northland and Auckland until later tonight 19:27

     Entertainment:
    Olivia Culpo is saving all her clothes for her daughter 19:08

     Entertainment:
    Billie Lourd has paid tribute to her grandmother Debbie Reynolds on the ninth anniversary of her death 18:38

     Environment:
    Power is likely be restored tonight, and support's available for Horowhenua locals affected by Sunday's severe weather event 18:37

     Entertainment:
    Toni Collette has praised Kate Winslet for bringing an "incredible sense of trust and freedom" to the set of Goodbye June 18:08

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