If the deal were cancelled, the $800m would be repaid for debt note, no additional cash.
"IOOF and ANZ have finalised the legally binding arrangements which give effect to the following:
• Full legal ownership of ANZ ADGs has transferred to IOOF effective 1 October 2018
• Substantial ‘economic’ completion of the ANZ P&I business from today through:
o an initial payment by IOOF of $800m to ANZ to subscribe for a debt note; "
Ann: Investor presentation - IOOF FY 2018 results, page-179
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