Esanda

Esanda Finance Corporation Limited is an Australian finance company. It deals in car and boat finance as well as insurance. It is a wholly owned subsidiary of the Macquarie Group.

History

Esanda was a commercial financing division of the former English, Scottish and Australian Bank, the name Esanda being an acronym of that bank's name. On the merger with ANZ in 1969, Esanda became a part of ANZ Bank.

Purchase by Macquarie Bank

The Australian Competition & Consumer Commission announced that they would allow the Macquarie Group to buy Esanda from ANZ.[1]

On 8 October 2015 Maquarie Group CEO Nicholas Moore announced the upcoming purchase of Esanda Dealer Finance unit for $8.2bn including debt.[2]

References
  1. "ACCC not to oppose Macquarie's bid for Esanda". Australian Competition and Consumer Commission. Australian Competition and Consumer Commission. 17 September 2015. Retrieved 10 October 2015.
  2. "Macquarie buys ANZ's Esanda Dealer Finance unit for $8.2b". Australian Financial Review. 8 October 2015. Retrieved 26 August 2020.


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