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19 Oct 2025 10:40
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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
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     17 Oct: A first of it's kind commercial seaweed bio-refinery in opening in Waikato's Paeroa today
     17 Oct: Fears interest rate cuts might've gone too far
     17 Oct: A warning the Reserve Bank is walking a fine line
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     Top Stories

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    Canterbury coach Marty Bourke concedes there's emotion tied to next weekend's NPC final against Otago More...

    BUSINESS BUSINESS
    The rising cost of food is also affecting chocolate with popular Kiwi brand Whittaker's increasing its prices More...


     Today's News

    		 Rugby:
    Canterbury coach Marty Bourke concedes there's emotion tied to next weekend's NPC final against Otago 10:26

     International:
    China's 'special forces'-style tourists packing big itineraries in small budgets 10:06

     Accident and Emergency:
    A group of disoriented trampers have been found after a search and rescue mission was launched in Waikato's Raglan last night 10:06

     International:
    Death doulas, family-led funerals and the deathcare movement hope to change the way we die 9:56

     Motorsports:
    No scars for the McLaren Formula One drivers as they start qualifying for tomorrow's United States Grant Prix in Texas 9:46

     Environment:
    The Black Caps are happy enough with their half a night's work in the first T20 against England in Christchurch 9:26

     Law and Order:
    An Auckland couple say a makeshift abattoir that began operating next door has turned 25 years of peaceful living into regular scenes of distress and carnage 9:26

     Soccer:
    It was a night of yellows for the two New Zealand teams in football's A-League 8:56

     International:
    After Ukraine, Finland hopes it won't be Putin's next target 8:56

     Politics:
    Tattoo-related injuries are behind hundreds of ACC claims every year, costing the country hundreds of thousands of dollars annually 8:06

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