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Report: ANZ acquires stake in online mortgage broker

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Report: ANZ acquires stake in online mortgage broker

Australia & New Zealand Banking Group Ltd. acquired a minority stake in online mortgage broker Lendi for about A$40 million, The Australian Financial Review's Street Talk blog reported Jan. 14, without citing a source.

The bank is now the second largest shareholder of the company after Macquarie Group Ltd.

ANZ will not hold a seat on Lendi's board, as with other strategic investors.