KUALA LUMPUR: ANZ Group, Australia's fourth-largest bank, has fully exited its investment in Malaysian lender AMMB Holdings
by selling its entire 5.2% stake for up to us$149 million, according to a term sheet seen by Reuters.
The stake exit comes three years after ANZ announced it would write down the value of its investment in AMMB after the Malaysian bank settled a claim linked to the massive financial scandal at state fund 1MDB.
