Ashurst acts for ANZ on Armaguard ATM sale

The transfer of the first batch of offsite ATMs (ATMs not co-located with an ANZ branch) to Armaguard is expected to occur in 2021. In connection with the sale, Armaguard has agreed to provide various ATM services to ANZ customers. The disposal of the ATMs is aligned with ANZ's broader strategy to simplify the business.

Partner Elspeth Arnold commented:

"We are delighted to have assisted ANZ with this transaction and ANZ's strategy to move to simplify its business."

Led by Elspeth Arnold, the Ashurst team comprised Counsel Cynthia Anandajayasekeram, lawyers Stephanie Mattei, Adam Ong, John Saunders and graduate Alasdair Huggett (Corporate Transactions), Partner Andrew Craig and lawyer David Baldi (DET), Practice Group Head, Australia, Competition Peter Armitage, Partner Justin Jones and lawyer Matthew Harper (Competition), Consultant Richard Brooks, lawyers Tammy Kamil and Edward Sinnott (Real Estate), Partners Ian Kelloch, Geoff Mann and Counsel Bronwyn Kirkwood (Tax), Partner Stuart D'Aloisio and Senior Associate Will Scott (IP), Partner Philip Trinca and Counsel Caroline Ord (Fin Reg), Partner James Clarke and lawyer Sanah Nanda (Disputes).