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Investing.com-- Australiaâs antitrust regulator said on Friday that it had rejected ANZ Group 's (ASX:ANZ) A$4.9 billion (A$1= $0.6555) acquisition of Suncorp Group's (ASX:SUN) banking arm, citing concerns over sufficient competition in the home loan industry.
The Australian Competition and Consumer Commission (ACCC) said that it was not satisfied that the acquisition would not reduce competition in the supply of home loans, and would further crystalize the market share enjoyed by Australi...
>>> Read more: Australian competition watchdog rejects ANZâs $3.2 bln Suncorp deal
The Australian Competition and Consumer Commission (ACCC) said that it was not satisfied that the acquisition would not reduce competition in the supply of home loans, and would further crystalize the market share enjoyed by Australi...
>>> Read more: Australian competition watchdog rejects ANZâs $3.2 bln Suncorp deal
