Heartland Bank retains interest in ANZ's UDC division

Tue, 22 Nov 2016

By Edwin Mitson Nov. 22 (BusinessDesk) - Heartland Bank has told investors that it remains interested in buying asset finance company UDC from ANZ Bank, describing it as an "ideal fit." In his speech at the company's annual general meeting in Christchurch, chief executive Jeff Greenslade said he believed the acquisition would "complement our strategy and would provide a number of synergies." UDC is one of NZ's largest and oldest finance companies, with widespread reports in April that ANZ was considering a sale. Greenslade said market...

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