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Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2014
Jun 5, 2014
10425_rns_2014-06-05_5e5ce924-6f88-4420-a154-fc42ba89b29e.pdf
Capital/Financing Update
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Friday, 6 June 2014
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UPDATE ON ANZ TRUSTEES ACQUISITION
Acquisition is now unconditional
Equity Trustees Limited (ASX: EQT) is pleased to announce that it has now received the Ministerial Approval required to acquire ANZ Trustees Limited ("ANZ Trustees"). The Acting Assistant Treasurer of Australia, The Hon. Mathias Cormann MP, has recently provided the requisite approval pursuant to section 601VBB of the Corporations Act 2001.
As such, the Sale and Purchase Agreement with ANZ is now unconditional.
Completion Update
EQT and ANZ are well advanced with the transition program for ANZ Trustees. The relevant employees at ANZ Trustees have now signed new employment agreements with EQT, the client contact program is well advanced and project teams have been formed to manage the transition and integration of the two businesses. EQT looks forward to a smooth transition of ANZ Trustees on the targeted completion date of Friday 4 July 2014, and is very pleased with the positive engagement we have experienced with the ANZ Group throughout the transaction process to date.
For further information, please contact:
Robin Burns Managing Director Equity Trustees Limited Phone: +61 3 8623 5201 Email: [email protected]
The media release was prepared by Equity Trustees Limited and is only provided for information purposes. It does not contain investment recommendations nor provide investment advice.
Equity Trustees Limited AFSL No 240975 ABN 46 004 031 298 Level 2, 575 Bourke Street Melbourne Victoria 3000 Telephone (03) 8623 5000 Facsimile (03) 8623 5200 Email [email protected] Website www.eqt.com.au