ANZ has welcomed the Australian Competition Tribunal’s decision to authorise its proposed acquisition of Suncorp Bank.
This is a significant milestone and an important step forward in the process.
While ANZ still has further conditions to meet before the acquisition can be completed including legislative amendments by the Queensland Parliament and approval by the Federal Treasurer, they remain committed to completing the acquisition as soon as possible once all sale conditions are met.
ANZ strongly believes that the acquisition presents significant opportunities for ANZ, Suncorp Bank and their customers, as well as public benefits including for Queensland.
While the acquisition remains subject to these conditions, ANZ continues its preparations for the integration of Suncorp Bank into ANZ, and they will provide an update in due course.
For any other questions please reach out to your BDM.
