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Listed heavyweight Metropolitan Bank & Trust Co. (Metrobank) is in talks with Australia's fourth-largest bank, Australia and New Zealand Banking Group Ltd. (ANZ), for a strategic partnership.
BusinessWorld sources said a Japanese bank, which they did not identify, is also interested in the industry giant.
Metrobank officials earlier indicated chairman George S. K. Ty is open to selling 20% of his total stake to a foreign partner which could provide cutting-edge technology as well as a wider array of products and services.
While Metrobank yesterday issued a statement denying this, the sources said the head office of ANZ has already been holding …