ANZ Group Holdings (AU:ANZ) has released an update.
ANZ Group Holdings has received Federal Treasurer approval for the acquisition of Suncorp Bank, marking a pivotal step towards enhancing ANZ’s services in the thriving Queensland market. The deal is subject to conditions including maintaining regional branch and employment levels, and it aligns with ANZ’s strategic plans to bolster its Retail and Commercial sectors. The acquisition, having already passed other regulatory hurdles, is set for completion by the end of July 2024.
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