Street Talk

Macquarie Group in pole position for ANZ's Esanda as Pepper retreats

Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell

Updated Oct 5, 2015 – 8.16am, first published at 12.15am

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ANZ Banking Group is expected to make an announcement on the sale of its Esanda Dealer Finance unit by Thursday, sources told Street Talk on Sunday.

It's understood Macquarie is in pole position to grab the $8.3 billion loan portfolio, estimated to have a $1.1 billion book value, however it officially appears to be a two horse race.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Jake Mitchell is a former Fairfax Media journalist.