Australia's ANZ sells 16.5% interest in Malaysia's AmBank for $444m

Australia's ANZ sells 16.5% interest in Malaysia's AmBank for $444m

FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo

Australia’s fourth-biggest bank ANZ Group said on Wednesday it has agreed to sell around 546 million shares, or 16.5% interest, in Malaysian lender AMMB Holdings for about 2.10 billion ringgit ($443.69 million).