ANZ Is Said to Revive Plan to Sell Stake in Jakarta-Listed Bank Panin
- Australian lender holds 38.8% of Jakarta-listed Panin Bank
- Indonesian bank has a market value of more than $2 billion
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ANZ Group Holdings Ltd. is considering reviving a sale of its stake in PT Bank Pan Indonesia, according to people with knowledge of the matter, as the Australian lender seeks to reduce positions in some long-held Asian assets.
ANZ has been working with a financial adviser to help field preliminary interest in its 38.8% holding in the Jakarta-listed lender known as Panin Bank, the people said, asking not to be identified because the information is private. Potential suitors have included Japanese and Southeast Asian lenders, including from Malaysia, the people said.