ANZ
(ASX:ANZ) and IOOF have agreed changes to the contracts around IOOF's acquisition of ANZ's Pensions and Investments (P&I) business.
IOOF says that following recent actions by the Australian Prudential Regulation Authority (APRA) the transaction agreements have been changed to accommodate the likely delay in completion of the sale to later this year.
The changes will also allow for the legal separation of the P&I business.
The sale of One Path P&I was announced in October 2017.
Shares in Australia and New Zealand Banking Group
(ASX:ANZ) are trading 0.08 per cent higher at $25.39.
