ANZ in talks to buy Cerberus’ Aozora Bank stake – report
Australia and New Zealand Banking Group (ANZ) has begun negotiations to buy Cerberus Capital’s 50% stake in Aozora Bank, Reuters reported, citing two sources familiar with the situation. ANZ is said to be attracted by the Japanese lender’s strong deposit base and the potential for tapping trade flows between Australia and Japan.
Yesterday it was reported that ANZ was looking to acquire Aozora or Lone Star-controlled Tokyo Star Bank. The bank is supposed to have engaged Japanese law firm Nagashima Ohno & Tsunematsu to work on a...
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