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BRIEF-ANZ To Sell Its 55% Stake In Cambodian JV To J Trust

Published 17/05/2018, 07:31 pm
© Reuters.  BRIEF-ANZ To Sell Its 55% Stake In Cambodian JV To J Trust
ANZ
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May 17 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :

* ANZ AGREES TO SELL ITS STAKE IN CAMBODIAN JV ANZ ROYAL BANK

* 55 PCT STAKE IN CAMBODIAN JV TO BE SOLD TO JAPAN'S J TRUST

* DEAL TO RESULT IN A$30 MILLION LOSS ON SALE COMPLETION FOR ANZ

* TRANSACTION APPROVED BY ROYAL GROUP

* TRANSACTION REMAINS SUBJECT TO FINAL REGULATORY APPROVAL FROM NATIONAL BANK OF CAMBODIA AND MINISTRY OF COMMERCE

* WILL CONTINUE TO OWN ITS 55 PCT STAKE & MANAGE ANZ ROYAL BUSINESS FOR UP TO 12 MONTHS

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