ANZ raises A$2.5 bln, seeks RBS Asia businesses

Tue May 26, 2009 11:53pm BST
 
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SYDNEY, May 27 (Reuters) - Australia and New Zealand Banking Group (ANZ.AX) has made a non-binding proposal to Royal Bank of Scotland (RBS.L) for some of its Asia assets, and was raising A$2.5 billion ($1.95 billion) in a placement at A$14.40 per share.

The bank said on Wednesday the capital raising would allow it to fund a potential acquisition of certain RBS assets.

(Reporting by Mette Fraende)

 

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