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BRIEF-Shinsei Bank Ltd - To Acquire Stocks Of UDC Finance Limited To Make It A Wholly-Owned Subsidiary

Published 02/06/2020, 09:39 am
Updated 02/06/2020, 09:42 am
© Reuters.
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June 2 (Reuters) - Shinsei Bank Ltd - 8303.T :

* CONCLUDED AN AGREEMENT TO ACQUIRE STOCKS OF UDC FINANCE LIMITED TO MAKE IT A WHOLLY-OWNED SUBSIDIARY

* SHARES OF UDC FINANCE TO BE TRANSFERRED FROM ANZ BANK NEW ZELAND AFTER OBTAINING APPROVAL FROM RELEVANT AUTHORITY

* PURCHASE PRICE FOR UDC TO BE TOTAL OF UDC'S NET ASSETS (637 MILLION NZ DOLLARS AS OF MARCH 31) PLUS 125 MILLION NZ DOLLARS

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