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ING/ANZ marriage sound, Bedbrook says
Tuesday 10th of March 2009
Bedbrook, who was in New Zealand last week to finalise details of ING's offer to DYF and RIF investors, said the ANZ/ING venture was well-positioned to survive past its initial 10-year period.
Under the original JV agreement signed in 2002, neither ING nor ANZ could terminate the relationship in the first 10 years of its life unless a “material competitor” bought either of the groups, bo...
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