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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Australia
2 mins to read

ANZ loses case on A$2.5b capital raising

Regulator ASIC claimed the bank neglected to disclose information that would have put pressure on the share price.

Competition regulator also took legal action but that case collapsed in 2022.

ANZ has lost a long running legal case over a capital raising with an Australian court ruling that the bank breached its continuous disclosure obligations on the underwriting of A$791 million.

Regulator ASIC took ANZ to court over the 2015 capital raising, where the bank sought to raise A$2.5

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Lachlan Colquhoun Mon, 16 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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ANZ loses case on A$2.5b capital raising
Australia,
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