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26 Nov 2025 7:39
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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

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     Top Stories

    RUGBY RUGBY
    Former Wallabies rugby coach John Connolly is giving the All Blacks' depth under Scott Robertson an edge over the Springboks two years from the World Cup More...

    BUSINESS BUSINESS
    RMA Reform Minister Chris Bishop says regional councils add layers of confusion, as he looks to scrap them More...


     Today's News

    		 Business:
    RMA Reform Minister Chris Bishop says regional councils add layers of confusion, as he looks to scrap them 7:27

     Entertainment:
    Father Ted creator Graham Linehan cleared of harassing trans woman, but guilty of smashing phone 7:27

     Law and Order:
    A rahui is in place, after the death of a man at Christchurch's Lake Rua on Sunday 7:27

     Rugby:
    Former Wallabies rugby coach John Connolly is giving the All Blacks' depth under Scott Robertson an edge over the Springboks two years from the World Cup 7:17

     Entertainment:
    Lucy Liu experienced a period of "personal reflection" during the COVID-19 pandemic 7:08

     International:
    FBI set to interview Democrats who urged US military to ignore illegal orders 7:07

     Entertainment:
    Teyana Taylor "cried [her] whole mask off" after being nominated for a Grammy 6:38

     Law and Order:
    An Ashburton man's been charged with careless use of a firearm, causing the death of a 21-year-old hunter on Stewart Island in July 6:27

     Entertainment:
    Jonathan Van Ness learned to "regulate [his] emotions in really difficult circumstances" while filming Queer Eye 6:08

     Entertainment:
    Adam Sandler is "so happy" Jennifer Aniston has found love with Jim Curtis 21:38

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