Dec 21 (Reuters) - Australia And New Zealand Banking Group Ltd ANZ.AX :
* INFORMED THAT NEW ZEALAND'S OVERSEAS INVESTMENT OFFICE HAS DECLINED HNA GROUP'S APPLICATION TO ACQUIRE UDC FINANCE
* OIO DECISION HAS NO IMPACT ON RECENTLY ANNOUNCED $AUD1.5 BILLION ON-MARKET BUY BACK OF ANZ BANKING GROUP SHARES
* "WE DON'T KNOW IF HNA WILL ATTEMPT TO OVERTURN THE DECISION"
* "IF SALE DOES NOT PROCEED, WE'LL ASSESS OUR STRATEGIC OPTIONS REGARDING FUTURE OF UDC"
* IF TRANSACTION DOES NOT GO AHEAD, ANZ'S FY18 EARNINGS WILL NO LONGER BE ADJUSTED FOR SALE
* "WHILE SALE AGREEMENT BETWEEN PARTIES REMAINS IN PLACE, UNLESS HNA SUCCESSFULLY OVERTURNS OIO DECISION, SALE WILL NOT PROCEED"