July 26 (Reuters) - Australia And New Zealand Banking Group Ltd (ANZ) :
- UPDATES ON SALE OF PENSIONS AND INVESTMENTS BUSINESS
- UNDER DEAL, ANZ WILL RECEIVE INITIAL PAYMENT OF $800 MILLION FROM IOOF
- NO CAPITAL BENEFIT UNTIL FINAL COMPLETION OF REMAINING P&I BUSINESSES, EXPECTED TOWARDS END OF H1 2019
- $800 MILLION PAYMENT FROM IOOF EQUIVALENT TO ABOUT 82% OF ECONOMIC INTEREST IN ANZ'S P&I BUSINESS
- ENTERED TERM SHEET TO TRANSFER PARTIAL INTEREST OF PENSIONS AND INVESTMENTS BUSINESS AND LEGAL OWNERSHIP OF ALIGNED DEALER GROUPS TO IOOF
News: ANZ Australia And New Zealand Banking Group Updates On Sale Of Pensions And Investments...
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