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BRIEF-Australia And New Zealand Banking agrees to sell stake in Shanghai Rural Commercial Bank
January 2, 2017 / 10:55 PM / a year ago

BRIEF-Australia And New Zealand Banking agrees to sell stake in Shanghai Rural Commercial Bank

Jan 3 (Reuters) - Australia And New Zealand Banking Group Ltd

* ANZ agrees to sell its 20% stake in SRCB

* ANZ agrees to sell its 20% stake in Shanghai Rural Commercial Bank

* sale to increase ANZ’s APRA cet1 capital ratio by about 40 basis points

* agreement will see COSCO and Sino-Poland Enterprise each acquire 10% of srcb for a total consideration to anz of rmb9.2 billion

* reached agreement to sell stake To China Cosco Shipping and shanghai Sino- Poland Enterprise Management Development Source text for Eikon: Further company coverage:

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