Japan's Shinsei Bank to buy New Zealand's UDC Finance for $480m

Japan's Shinsei Bank to buy New Zealand's UDC Finance for $480m

Auckland, New Zealand. Photo by Kirsten Drew on Unsplash

Shinsei Bank Ltd said it will buy New Zealand’s top non-bank finance provider, UDC Finance Ltd, for $480 million in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter