Thursday 26 May 2016

Azman Hashim does not discount buying ANZ stake in AMMB

AMMB Holdings Bhd's second largest shareholder Tan Sri Azman Hashim does not discount the possibility of buying Australia and New Zealand Banking Group Ltd's (ANZ) stake in AMMB.

Azman, who is the chairman of AMMB, when asked about ANZ's intentions to sell its 23.8% stake,  replied that he could not comment on it.

When asked if he would be interested to buy ANZ's stake: “I guess so if ANZ is selling, then one of the options will be that (about him buying the stake).”

Earlier in May, ANZ provided A$260mil (RM773.07mil) as impairment losses on its stake in AMMB in its latest result, sending yet another clear signal of its intention to dispose of the stake.

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