May 17, 2018 / 9:36 AM / 3 months ago

ANZ to sell 55 percent stake in Cambodian joint venture to J Trust

(Reuters) - Australia and New Zealand Banking Group (ANZ.AX) said on Thursday it had agreed to sell its 55 percent stake in a Cambodian joint venture with Cambodian conglomerate Royal Group to Japan’s J Trust (8508.T).

ANZ expects to log a loss of A$30 million ($22.59 million) following the divestiture, it said.

Reporting by Ambar Warrick in Bengaluru; Editing by Muralikumar Anantharaman

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