ANZ's $3.2b Suncorp bank unit buyout approved by tribunal

ANZ's $3.2b Suncorp bank unit buyout approved by tribunal

Photo: Reuters

ANZ Group’s A$4.9 billion ($3.2 billion) buyout of Suncorp’s banking business was cleared by the Australian Competition Tribunal on Tuesday, paving the way for the bank to press on with the takeover of its significant rival.