https://www.reuters.com/article/us-anz-bank-divestiture-udc-finance-idUSKBN2383XX

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SYDNEY/TOKYO (Reuters) - Shinsei Bank Ltd ( ) said it will buy New Zealand’s top non-bank finance provider, UDC Finance Ltd, for $480 million in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market. FILE PHOTO: The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo October 22, 2010. REUTERS/Yuriko Nakao/File Photo. The planned sale also relieves owner Australia and New Zealand Banking Group Ltd ( ANZ.AX ) of an asset it has tried to offload several times, part of a broad push by Australia’s banking sector to focus on core services like mortgages and to limit regulatory problems. The N... Full story

2 June

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