August 16, 2010
ANZ comments on KEB (PDF 16kB)
ANZ today advised it is participating in a due diligence process in relation to the potential sale of a 57.27% shareholding in Korea Exchange Bank (KEB).
ANZ’s participation in the KEB sale process is part of a continuing examination of potential strategic growth opportunities. ANZ would only proceed with a transaction if it satisfied ANZ’s disciplined criteria including an anticipation of shareholder value accretion within the short to medium term.
The eventual outcome of the KEB sale process is subject to considerable uncertainty and it is not appropriate to comment further at this time.