I think Percy means Turners
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I see the hole that HNA group have dug for themselves is getting deeper......will there takeover of UDC finance go ahead........closing day must be close
Would it be possible for ANZ to spin off UDC with an IPO and then launch a takeover for HBL.
HBL's market cap is $987.8 mil.
Forget the price ANZ sold ? UDC for.If it was between $450 and $650mil, HBL would need to raise a lot of capital.
The market would welcome it, as the combined business would be great.
However, the longer any deal is delayed the less HBL requires UDC, as HBL have plenty of organic growth,something the Aussie banks ,or UDC,don't have.
So HBL will never pay anything like the Chinese would.
And no HBL would never get away with another quick placement and SPP.
Are there any NZ companies that would be in a position to buy UDC.
I was thinking TSB then listing after purchase.