ANZ Bank buys rival Suncorp to increase its presence in Queensland.
July 19, 2022 at 08:02 AM
2 minute read
Correspondent, Sydney
Ashurst is advising Australia’s ANZ Bank in its $3.4 billion purchase of smaller rival Suncorp Bank, which is advised by Herbert Smith Freehills.
ANZ is paying A$4.9 billion for the Queensland bank, which it bought from parent company Suncorp, as it seeks to increase its presence in the northern Australian state.
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