ANZ considering IPO of asset finance unit after sale to HNA blocked

ANZ considering IPO of asset finance unit after sale to HNA blocked

A man walks past a branch of the Australia and New Zealand Banking Group Ltd (ANZ) in Sydney October 29, 2013. REUTERS/David Gray/File Photo

Australia and New Zealand Banking Group Ltd (ANZ) announced on Tuesday that it is considering the possibility of an initial public offering (IPO) of its wholly-owned subsidiary UDC Finance after New Zealand regulators blocked the sale of the unit to China’s HNA Group.

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