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ComCom probes Suncorp blocking stake

Regulatory action not over after rejection of Tower takeover.

Tim Hunter
Wed, 26 Jul 2017

Suncorp will use its 20% Tower stake to stymie any other bid for the insurer, sources say, although the move could yet be blocked by the courts through a second regulatory probe.

The Commerce Commission today rejected Suncorp’s proposed takeover of Tower, saying the deal would be likely to

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Tim Hunter
Wed, 26 Jul 2017
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ComCom probes Suncorp blocking stake
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