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By Scott Murdoch and Renju Jose
SYDNEY (Reuters) -ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking business was cleared by the Australian Competition Tribunal on Tuesday, meaning the bank can press on with the takeover of its significant rival.
The ruling came in response to an appeal by ANZ and Suncorp of a decision by the Australian Competition and Consumer Commission (ACCC) that blocked the deal in August on the grounds it would worsen competition in Australia's banking ...
>>> Read more: ANZ's $3.2 billion Suncorp bank unit buyout approved by tribunal
SYDNEY (Reuters) -ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking business was cleared by the Australian Competition Tribunal on Tuesday, meaning the bank can press on with the takeover of its significant rival.
The ruling came in response to an appeal by ANZ and Suncorp of a decision by the Australian Competition and Consumer Commission (ACCC) that blocked the deal in August on the grounds it would worsen competition in Australia's banking ...
>>> Read more: ANZ's $3.2 billion Suncorp bank unit buyout approved by tribunal
