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ANZ's Aozora talks mislead

ANZ's intentions with respect to Japan's Aozora Bank are generating fresh media conjecture. Reuters reported late yesterday that ANZ ended talks to buy a stake. DealReporter said that ANZ was seeking a minority stake rather than full control.Reports published late last month in the Financial Review, in Australia, and in Japan's Yomiuri first reported speculation about the talks.The principal vendor would be Cerberus Capital Management, a US investment fund with a 49 per cent stake in Aozora, purchased from Softbank in 2003.

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