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

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.

Continue reading this story with a subscription to DealStreetAsia.


Should your colleagues be reading this article too? Contact us for corporate subscriptions at