Deals
ANZ Bank Said to Consider Takeover of Japan’s Aozora Bank
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Australia & New Zealand Banking Group Ltd. is considering buying Japan’s Aozora Bank Ltd. as part of a plan to expand in Asia and broaden its funding sources, according to a person familiar with the matter.
An assessment by ANZ Bank, Australia’s third-largest lender by market value, of Tokyo-based Aozora is in the early stages and there’s no guarantee a deal will proceed, said the person, who asked not to be identified because ANZ Bank’s intentions haven’t been made public.