ANZ (ASX:ANZ) see APRA approve IOOF’s bid to buy OnePath

10Dec

ANZ (ASX:ANZ) see APRA approve IOOF’s bid to buy OnePath

 

ANZ (ASX:ANZ) yesterday confirmed the Australian Prudential Regulation Authority (APRA) had approved the sale of ANZ’s OnePath Pensions & Investments business to IOOF Holdings (ASX:IFL). 

With regulatory approval now provided, ANZ still expects the transaction to be completed in the first quarter of calendar year 2020.

They estimate it will increase ANZ’s APRA CET1 capital ratio by 20 basis points.

The approval comes after the Independent Trustee, the OnePath Custodians, and ANZ both confirmed no objection to the transaction back in October.

Shares in ANZ (ASX:ANZ) closed -0.04 per cent lower at $24.58 yesterday.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

16Sep

Decmil Group (ASX:DCG) wins $41 million iron bridge contract

16 Sep 2020 - Decmil Group (ASX:DCG) is pleased to announce that it has been awarded around $41 million contract for an iron bridge in the Pilbara region of Western Australia.

Read More
30Dec

Universal Biosensors, Inc. (ASX:UBI) signs a deal with Bayer AG

30 Dec 2020 - Universal Biosensors, Inc. (ASX:UBI) says its Canadian subsidiary, Hemostasis Reference Laboratory Inc (HRL), has entered into an agreement with Bayer AG of Germany for the provision of certain services relating to the performance of laboratory analysis of biological samples.

Read More
22Jan

Jupiter Mines (ASX:JMS) to spin off Central Yilgarn Iron Ore assets

22 Jan 2021 - Jupiter Mines (ASX:JMS) has announced the demerger and initial public offering of its Central Yilgarn Iron Ore assets through its newly created company, Juno Minerals.

Read More
06Jul

Stocks of the Hour: Morella Corporation, Pacific Edge, Critical Resources

06 Jul 2023 - A snapshot of the stocks on the move, featuring Morella Corporation, Pacific Edge, Critical Resources.

Read More
28Jun

Stocks of the Hour: Bluebet, Tassal & American Rare Earths

28 Jun 2022 - A snapshot of the stocks on the move featuring Bluebet (ASX:BBT), Tassal (ASX:TGR) and American Rare Earths (ASX:ARR).

Read More
12Jun

Seven Group (ASX:SVW) will not provide market guidance due to uncertainty

12 Jun 2020 - Seven Group Holdings (ASX:SVW) will not provide revised market guidance at this time due to the uncertainty of current and ongoing COVID-19 measures.

Read More
20Nov

Medusa Mining (ASX:MML) will not proceed to next phase with Ellenkay Gold

20 Nov 2019 - Medusa Mining (ASX:MML) says that after evaluating all results from the first round of exploration and drilling at the Hill 212 and Mt Clark West projects in Central Queensland, the Company has elected not to proceed to the next phase of the EarnIn-Agreement (“EIA”) with Ellenkay Gold.

Read More
03Dec

Qantas (ASX:QAN) focusing on repair and recovery

03 Dec 2020 - Qantas (ASX:QAN) has started to repair its balance sheet as it sees Group Domestic capacity at 68 per cent of pre-COVID levels for December, rising to nearly 80 per cent for Quarter Three.

Read More
19Feb

Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

19 Feb 2020 - Wistech Global (ASX:WTC) has reported net profit (NPATA) of $33.5 milion for 1HFY20 a rise of 22 per cent on the same time last year.

Read More
29Jun

Stocks of the Hour: North Stawell Minerals, Next Science, archTIS

29 Jun 2023 - A snapshot of the stocks on the move, featuring North Stawell Minerals, Next Science and archTIS.

Read More