Nod for ANZ-Suncorp buyout is no green light for similar deals: Australia competition tribunal

Nod for ANZ-Suncorp buyout is no green light for similar deals: Australia competition tribunal

Pedestrians walk past a woman as she looks at her iPhone in front of a sign announcing a new branch of the Australia and New Zealand Banking Group Ltd. Photo: Reuters

The Australian Competition Tribunal’s green light for ANZ’s proposed A$4.2 billion ($3.2 billion) buyout of Suncorp’s banking assets on Tuesday does not mean similar deals will be waved through, the head of the anti-trust regulator told Reuters.

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