News | Business
4 Jul 2025 14:53
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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
     04 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
     Top Stories

    RUGBY RUGBY
    Former All Black Mils Muliaina believes modern players are far more adaptable between positions than back in his day More...


    BUSINESS BUSINESS
    Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs More...



     Today's News

    Entertainment:
    Olivia Munn finds it frustrating that she was blamed for Aaron Rodgers' difficulties 14:36

    Business:
    Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs 14:17

    Business:
    Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items 14:07

    Entertainment:
    Damson Idris loved working with Sir Lewis Hamilton on F1 14:06

    Law and Order:
    Police in Australia's Victoria, have shot an armed man dead - after a seven-hour standoff, northwest of Melbourne 13:47

    Entertainment:
    Scarlett Johansson felt typecast as a sex symbol during her younger years 13:36

    Law and Order:
    Police are hunting two men who carried out an armed robbery in Hamilton on Saturday 13:27

    Accident and Emergency:
    A pedestrian's died after being hit by a car near the Manawatu town of Feilding 13:27

    Tennis:
    Reigning champ Carlos Alcaraz admits it's been a crazy first few days at Wimbledon 13:07

    Politics:
    Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now 13:07


     News Search






    Power Search


    © 2025 New Zealand City Ltd