ANZ Group Holdings Ltd

ANZ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$26.00	Ghwq	Svtvrmtp

ANZ Group and Suncorp: Deal Nearly Done

Nathan Zaia

Feb 20, 2024

Originally announced in July 2022, ANZ Group’s acquisition of Suncorp Bank is almost over the line. The Australian Competition Tribunal granted approval and overturned the Australian Competition and Consumer Commission’s earlier rejection. Federal Treasurer approval and changes to Queensland state law are required, but the competition regulator was the biggest obstacle, in our view.

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