Seeking to take another step in its Asian expansion, Australia and New Zealand Banking Group is in early talks with Aozora Bank Ltd. about a possible acquisition of the midsize Japanese lender, said people familiar with the matter.
Aozora, majority-owned by U.S. investment firm Cerberus Capital Management LP, has a market value of about US$4 billion, according to data provider Capital IQ.
Melbourne-based ANZ is looking to grow in Asia at a time when the Australian economy is starting to show signs of strain and its banks are contending with subdued credit growth at home. ANZ aims to get 25% ...
Seeking to take another step in its Asian expansion, Australia and New Zealand Banking Group is in early talks with Aozora Bank Ltd. about a possible acquisition of the midsize Japanese lender, said people familiar with the matter.
Aozora, majority-owned by U.S. investment firm Cerberus Capital Management LP, has a market value of about US$4 billion, according to data provider Capital IQ.
Melbourne-based ANZ is looking to grow in Asia at a time when the Australian economy is starting to show signs of strain and its banks are contending with subdued credit growth at home. ANZ aims to get 25% ...
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