ANZ’s $4.9 billion Suncorp takeover will now go ahead. Is the government sending mixed messages on business competition?
- Written by The Conversation
Two years after the deal was first announced, Treasurer Jim Chalmers has today given the green light for ANZ to acquire the banking arm of Queensland-based insurer Suncorp.
The A$4.9 billion deal will be the biggest in Australian banking since Westpac’s acquisition of St George in 2008.
It will of course be subject to some important enforceab...