Australia's ANZ offers to buy Suncorp's banking unit for $3.4b

Australia's ANZ offers to buy Suncorp's banking unit for $3.4b

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

Australia and New Zealand Banking Group has offered to buy insurer Suncorp Group’s banking unit for around A$5 billion ($3.40 billion), in what could be Australia’s biggest banking deal in more than a decade, local media reported.