SUNPH News: ANZ's $3.2 billion Suncorp bank unit buyout decision due on Tuesday - 20th Feb 2024, 7:07am

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By Scott Murdoch

SYDNEY (Reuters) - The future of ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking arm will become clear on Tuesday, with the Australian Competition Tribunal due to rule if the bank can press on with the takeover of its significant rival.

The decision, due at 9 a.m. (2200 GMT) in the Federal Court in Sydney, comes after the takeover was blocked by the Australian Competition and Consumer Commission (ACCC) in August.

ANZ, which is Australia's fourth-largest l...

>>> Read more: ANZ's $3.2 billion Suncorp bank unit buyout decision due on Tuesday
 
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