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

Qld Govt backs A$4.9b ANZ-Suncorp deal

The ACCC rejected the deal in August, saying it would create an 'oligopoly'.

ANZ has committed to maintaining Qld employment levels, and to lend A$15b in the state.

ANZ bank has received a welcome boost in its A$4.9 billion bid to buy Suncorp Bank with the Queensland state government backing the deal as being in the public interest.

Competition regulator the Australian Competition and Consumer Commission ruled against the takeover in early August, saying the

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Lachlan Colquhoun Fri, 20 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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Qld Govt backs A$4.9b ANZ-Suncorp deal
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