ANZ responds to media speculation

Company News

by David Murdoch

ANZ (ASX:ANZ) today responded to media speculation relating to the possible divestment of Wealth Australia.

Wealth Australia is the ANZ’s life insurance, superannuation, investments and advice business.

ANZ says it does not comment on media speculation and remains in discussion with a number of parties as it continues to work through its options.

The big-four bank also says, those options include exploring capital market solutions to create a stand alone business.

Shares in ANZ (ASX:ANZ) are trading up 0.35% to $29.98.

David Murdoch

David presents the Market Outlook and presents ASX company news. He joined FNN in August 2017.

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