January 10, 2017 / 9:09 PM / 7 months ago

ANZ sells New Zealand asset finance business to China's HNA Group

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WELLINGTON, Jan 11 (Reuters) - ANZ has agreed to sell New Zealand subsidiary UDC Finance to China's HNA Group for about NZ$660 million ($460 million), the Australian bank said on Wednesday.

The bank expected the sale to be completed in the second half of 2017, it said in a statement. (Reporting by Charlotte Greenfield; Editing by Louise Ireland)

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