ACCC review of ANZ — Suncorp Bank acquisition
merger review19 June 2024
Respondent
ANZ Banking Group; Suncorp Group
Facts
ACCC opposed ANZ's $4.9B acquisition of Suncorp Bank on competition grounds. Competition Tribunal overturned ACCC; Treasurer ultimately approved.
Outcome
Acquisition completed July 2024 with prescribed undertakings.
Read the source
https://accc.gov.au/media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.