AUSTRALIA and New Zealand Banking Group (ANZ) has announced that it had reached an agreement to sell its 55 per cent stake in Cambodian joint venture ANZ Royal Bank to J Trust, a Japanese holding company listed on the Tokyo Stock Exchange.

AUSTRALIA AND New Zealand Banking (ANZ) group is said to be near a deal to divest its block of shares in Malaysian bank, AMMB Holdings Bhd, to the Retirement Fund Inc (KWAP) in a transaction that could be worth around US$900 million (Bt3o.5 billion), Reuters reported.