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ACCC rejects ANZ’s $4.9 billion Suncorp bank merger

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The competition watchdog has rejected ANZ Bank’s proposed $4.9 billion takeover of Suncorp’s banking arm.

The competition watchdog has rejected ANZ Bank’s proposed $4.9 billion takeover of Suncorp’s banking arm. The ACCC says the deal would have reduced competition in the home loan market.

 

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ACCC rejects $4.9b ANZ acquisition of Suncorp BankBREAKING: The competition regulator has rejected ANZ’s $4.9 billion takeover of Suncorp’s bank. banks merger accc
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