Heartland interested in UDC

Heartland Bank says it remains interested in acquisitions, and in particular ANZ-owned finance company UDC.

Managing director Jeff Greenslade says UDC "would be an ideal fit, however that acquisition potential is currently unclear."

"At this stage, all we know is that ANZ is reviewing its options for UDC and the market sentiment is that a decision is imminent. Obviously, if UDC is for sale, we would be an interested bidder, as we believe an acquisition complements our strategy and would provide a number of synergies."

However, the AFR is reporting that UDC is about to be sold to Chinese company HNA Group.