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ANZ appeals ruling on Suncorp merger

Analysts say ANZ has a slim chance of success, and that regulators would prefer a deal between smaller regional banks.

ANZ has about A$5 billion in surplus capital to deploy.

ANZ bank is set for a showdown with Australia’s competition regulator over the blocked A$4.9 billion acquisition of the banking arm of regional bank Suncorp.

As expected, dual-listed ANZ has filed an application for the Australian Competition Tribunal to review the decision by the Australian

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Lachlan Colquhoun Mon, 28 Aug 2023
Contact the Writer: lachlan@nbr.co.nz
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ANZ appeals ruling on Suncorp merger
Australia,
100602
true