ANZ not selling finance unit to HNA after New Zealand blocks deal

ANZ
Pedestrians walk past a woman as she looks at her iPhone in front of a sign announcing a new branch of the Australia and New Zealand Banking Group Ltd. Photo: Reuters

Australia and New Zealand Banking Group Ltd said on Friday it had dropped plans to sell its UDC Finance unit to HNA Group after New Zealand blocked the deal over concerns about the Chinese conglomerate’s ownership structure.

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