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ANZ sells portion of wealth business to IOOF for A$975 million

Melbourne-headquartered ANZ has agreed to sell a portion of its wealth business – its superannuation and some of its financial planning operations – to financial services firm IOOF for A$975 million, the bank said in a statement today. The bank said it will sell its OnePath pensions and investments and aligned dealer groups business to IOOF Holdings, and that the…

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