Equity Trustees to buy ANZ Trustees for $150m

Equity Trustees Limited to acquire ANZ Trustees.

Equity Trustees Limited will acquire ANZ Trustees Limited from the Australia and New Zealand Banking Group for $150 million, just months after it was outbid in the race for Trust Co.

Equity Trustees is Australia’s largest independent trustee services company and the ANZ said its trustee business is a natural fit for them in a consolidating sector.

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