Australia’s ANZ selling 9% stake in AmBank

The shares are being offered at between RM3.80 and RM3.85 per AmBank share.

SINGAPORE: Australia’s fourth-biggest bank ANZ Group is selling around 298 million shares or a 9% stake worth up to US$242mil in Malaysian lender AMMB Holdings.

This is according to a term sheet seen by Reuters yesterday.

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ANZ , AMMBHoldings , divestment , stake , 1MDB , settlement , write-down

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