Australia Says No to ANZ’s Suncorp Takeover
Posted on 08/04/2023
Australia’s ANZ Bank cannot take over Suncorp’s banking empire for US$ 4.9 billion, say regulators. The deal has been in the works for over a year. ANZ and Suncorp plan to appeal the decision by The Australian Competition and Consumer Commission. The government says the merger would “further entrench an oligopoly.” Mick Keogh, on behalf…
