ANZ provides update on OnePath P&I sale to IOOF
Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 9 December 2019
ANZ provides update on OnePath P&I sale to IOOF
ANZ today confirmed the Australian Prudential Regulation Authority (APRA) had approved
the sale of ANZ’s OnePath Pensions & Investments (OnePath P&I) business to IOOF Holdings
Limited (IOOF).
With regulatory approval now provided, ANZ still expects the transaction to be completed in
the first quarter of calendar year 2020 and estimates it will increase ANZ’s APRA CET1
capital ratio by ~20 basis points.
The approval comes after the Independent Trustee (OnePath Custodians) and ANZ both
confirmed no objection to the transaction in October.
1
For media enquiries contact:
Nick Higginbottom, +61 403 936 262
For analyst enquiries contact:
Jill Campbell, +61 3 8654 7749
Approved for distribution by ANZ’s Continuous Disclosure Committee
1
Update on OnePath P&I sale to IOOF – 17 October 2019
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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