June 1, 2020 / 11:47 PM / a month ago

ANZ to sell NZ asset finance unit to Shinsei Bank for $479 mln

June 2 (Reuters) - Australia and New Zealand Banking Group on Tuesday agreed to sell its New Zealand based asset finance unit for NZ$762 million ($479 million) to Japanese financial institution Shinsei Bank Ltd.

The sale provides about A$439 million ($298.08 million) of Level 2 Group CET1 capital, the lender said in a statement. ($1 = 1.5911 New Zealand dollars) ($1 = 1.4728 Australian dollars) (Reporting by Shreya Mariam Job in Bengaluru)

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