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Japan bank buys major stake in ANZ Royal Bank

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A street view of an ANZ Royal Bank branch yesterday in Phnom Penh. Pha Lina

Japan bank buys major stake in ANZ Royal Bank

Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group.

Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank.

According to a Royal Group statement, JTrust Bank listed on the Tokyo Stock Exchange, reached a formal agreement to buy the stake in ANZ Royal Bank from Australia’s ANZ Group.

JTrust Bank operates in Japan, South Korea, Indonesia, Thailand and Cambodia, and has been established for more than 40 years.

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