(Bloomberg) -- Australia & New Zealand Banking Group
Ltd., Australia's third-largest lender, bought 10 percent of
Vietnam's Saigon Securities Inc., joining HSBC Holdings Plc and
Shinhan Bank in investing in the Southeast Asian nation.
Under the agreement, which is subject to regulatory approval
in Vietnam, ANZ will pay $88 million for the stake and may
appoint a representative to Saigon Securities' board, the
Melbourne-based bank said in a statement.
Read more at Bloomberg Emerging Markets News
Ltd., Australia's third-largest lender, bought 10 percent of
Vietnam's Saigon Securities Inc., joining HSBC Holdings Plc and
Shinhan Bank in investing in the Southeast Asian nation.
Under the agreement, which is subject to regulatory approval
in Vietnam, ANZ will pay $88 million for the stake and may
appoint a representative to Saigon Securities' board, the
Melbourne-based bank said in a statement.
Read more at Bloomberg Emerging Markets News
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