ANZ to sell NZ asset finance unit to Shinsei Bank for $479 million

(Reuters) – Australia and New Zealand Banking Group on Tuesday agreed to sell its New Zealand based asset finance unit for NZ$762 million ($479 million) to Japanese financial institution Shinsei Bank Ltd <8303.T>.

The sale provides about A$439 million ($298.08 million) of Level 2 Group CET1 capital, the lender said in a statement.

(Reporting by Shreya Mariam Job in Bengaluru)