ANZ Banking Group Acquires 10% Stake in Saigon Securities
Monday July 9, 2007, 8:57 am
Original Announcement:
ANZ acquires 10% stake in Saigon Securities
ANZ Banking Group announced today it had reached agreement to acquire a 10% stake in Vietnam investment banking and securities business Saigon Securities Incorporation, for a total investment cost of US$88m (A$102m). Under the partnership, ANZ will be able to nominate a representative to the SSI Board and play a role in management. The investment remains subject to SSI obtaining required regulatory approvals.
More information about ANZ.AX
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