Suncorp Group Limited (AU:SUN) has released an update.
ANZ has received the Federal Treasurer’s approval for its acquisition of Suncorp Bank, marking a key step in its strategy to strengthen its retail and commercial sectors in the thriving Queensland market. The conditions of the approval, which include maintaining regional branch numbers and avoiding net job losses for three years, align with ANZ’s commitments. Pending the final legislative amendment in Queensland, the acquisition is poised to complete by the end of July.
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