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BRIEF-ANZ says Baosteel to acquire co's stake in Shanghai Rural Commercial Bank

Published 18/09/2017, 06:47 pm
Updated 18/09/2017, 07:00 pm
© Reuters.  BRIEF-ANZ says Baosteel to acquire co's stake in Shanghai Rural Commercial Bank

Sept 18 (Reuters) - Australia And New Zealand Banking Group Ltd ANZ.AX

* Update on Shanghai Rural Commercial Bank-anz.ax

* Bao will acquire a 10% stake in SRCB instead of Shanghai Sinopoland Enterprise Management Development Corp

* "There are no material changes to financial terms of sale for ANZ"

* Cosco will acquire other 10% as previously announced by ANZ on 3 January 2017

* Baoshan Iron & Steel to join China Cosco Shipping Corp to Acquire ANZ's 20% stake in Shanghai Rural Commercial Bank

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