ANZ says to buy A$383 mln stake in Malaysia's AMMB

SYDNEY, Nov 24 (Reuters) Australia and New Zealand Banking Group Ltd. , Australia's third-biggest lender, said on Friday it signed a deal to buy a 13.5 percent stake in AMMB Holdings Berhad , Malaysia's fifth-biggest bank, for A3 million (6 million). ANZ said its total stake in AMMB could rise to 20-25 percent if talks with strategic shareholder AmcorpGroup Berhad conclude successfully.

Reuters SBA VP0445