ANZ no longer in talks to buy Cerberus’ Aozora stake
Australia and New Zealand Banking Group (ANZ) has ended discussions over a potential investment in Aozora Bank. Talks with Cerberus Capital concerning its 50% stake in the Japanese lender floundered at an early stage because the two sides could not agree on some key terms, Reuters reported, citing a source close to the situation.
An ANZ spokesman said: "At present there are no formal discussions occurring on any opportunity in Japan. ANZ looks at most opportunities in Asia which are consistent with its super-regional strategy....
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