ANZ says discussions over the future of its wealth business are ongoing following a report it has received two overseas offers to buy it, at least one of which is worth more than $4 billion.
The lender is aiming to distribute life insurance, advice and superannuation products rather than manufacture them, but on Monday said it would not comment explicitly on an Australian Financial Review report that Swiss insurance giant Zurich and US group MetLife each submitted a bid last week.
"ANZ remains in discussion with a number of parties as it continues to work through its options ... (which include) exploring capital market solutions to create a stand-alone business," ANZ said in a statement.
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