May 17, 2018 / 9:35 AM / 7 days ago

ANZ to sell 55 percent stake in Cambodian joint venture to J Trust

(Reuters) - Australia and New Zealand Banking Group (ANZ.AX) said on Thursday it had agreed to sell its 55 percent stake in a Cambodian joint venture with Cambodian conglomerate Royal Group to Japan’s J Trust (8508.T).

ANZ expects to log a loss of A$30 million ($22.59 million) following the divestiture, it said.

    Reporting by Ambar Warrick in Bengaluru; Editing by Muralikumar Anantharaman

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below