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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Australia And New Zealand Banking Group Limited | ASX:ANZ | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.58 | -2.03% | 27.96 | 27.91 | 28.00 | 28.42 | 27.89 | 28.38 | 12,225,853 | 07:50:00 |
From Dec 2019 to Dec 2024
By Alice Uribe
SYDNEY--Australia and New Zealand Banking Group Ltd. has formed a joint venture with European payments company Worldline to provide payments technology and merchant services in Australia.
The Australian bank said Tuesday the tieup involves the formation of a newly created merchant acquiring group, with ANZ and Worldline holding a 49% and 51% interests, respectively.
"We have a proven track record of partnering with global leaders in specialist fields if it means providing a better service to our customers," said Mark Hand, ANZ Executive Australia Retail and Commercial.
ANZ estimated that completion of the transaction will increase its Level 2 CET1 capital ratio by 5 basis points. The transaction is expected to complete in late 2021 and is subject to approvals and card scheme arrangements.
Write to Alice Uribe at alice.uribe@wsj.com
(END) Dow Jones Newswires
December 14, 2020 17:06 ET (22:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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