ANZ secures deal with AmcorpGroup in Malaysia

The Aussie bank reaches a $360 million agreement to buy 11.4% of AmcorpÆs shares in AMMB, taking its stake to 24.9%.

Less than a week after announcing plans to buy a strategic stake in MalaysiaÆs AMMB, ANZ Bank has secured the extra 11.4% of shares that it had targeted in a deal with AMMB shareholder AmcorpGroup. Amcorp will sell 300 million shares to ANZ for M$4.30 per share for a total of M$1.3 billion $360 million.

On Friday last week November 24, ANZ announced that it would buy a 13.5% stake in MalaysiaÆs fifth largest bank provided...

To continue reading, please login or register for free

Click for more on: anz | amcorp | ammb | ambank | abn amro

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...