ANZ Is said to revive plan to sell stake in Jakarta-listed Bank Panin

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The Star 3h ago

ANZ Is said to revive plan to sell stake in Jakarta-listed Bank Panin - The Star

Quick Summary:

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.

Separately, Elliott is facing pressure over trader misconduct and regulatory investigations into its markets division.

Considerations are ongoing and may not lead to a sale, the people said, noting that valuation is a hurdle to a potential deal.