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ANZ Wealth auction and the $9.5 billion smoking gun

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ANZ Banking Group has hopes for its up-for-sale wealth unit.  Sources said there were some big numbers in front of tyrekickers – and most notably a $9.5 billion valuation which is about twice what most analysts expected the transaction to be worth.  It's understood the $9.5 billion was an "appraisal…

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Click here to read the full story: Australian Financial Review

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