ACCC defeated; Suncorp-ANZ merger approved by Australian Competition Tribunal

[RSVKanga]

ANZ's Suncorp takeover to go ahead despite ACCC rebuff

ANZ's proposed acquisition of Suncorp's banking arm will proceed after a tribunal found it would not lessen competition but would benefit consumers.

www.thenewdaily.com.au

Final approval lies with the Treasurer of Australia.

 

[cove]

ANZ shares went down and Suncorp shares went up today.