Mizuho approaches ANZ for US$570m stake in Bank Panin

Mizuho Financial Group has approached Australia and New Zealand Banking Group (ANZ) to buy ANZ’s 39.2 per cent stake in PT Bank Pan Indonesia Tbk (Panin) valued around $570 million, sources told Reuters, as the Japanese bank seeks to step up its Southeast Asian expansion.

via Business feed http://www.scmp.com/business/banking-finance/article/1296329/mizuho-approaches-anz-us570m-stake-bank-panin