ANZ announced it reached an agreement with ING Group to acquire ING Group’s 51% shareholdings in the ANZ-ING wealth management and life insurance joint ventures in Australia and New Zealand for A$1,760 million.
ING Australia Limited (INGA) and ING (NZ) Holdings Limited (ING (NZ)) will become whollyowned subsidiaries of ANZ on completion. Joint ventures were established in 2002. Read the rest of this entry »
