Industry M&A, Life and Health, News, Non-life

ACCC blocks ANZ’s acquisition of Suncorp’s banking arm, citing competition concerns

The Australian Competition and Consumer Commission recognised Suncorp would benefit from focusing on insurance, but denied the acquisition due to concerns over increased mortgage rates and weakened competition among smaller banks.

Editorial team

August 4, 2023

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2 min read

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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ACCC blocks ANZ’s acquisition of Suncorp’s banking arm, citing competition concerns