Under Pressure to Raise Capital, ANZ Sells Pension Business to IOOF

Posted on 10/18/2017


IOOF Holdings Ltd (IOOF) agreed to acquire Australia and New Zealand Banking Group Ltd’s (ANZ) OnePath pensions and investment unit and four aligned dealer groups – collectively known as ANZ Wealth Management – for A$ 975 million (US$ 766 million) in a deal expected to close within the next 12 months. The transaction will substantially […]

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