SUNCORP GROUP ORD
ANZ acquisition of Suncorp approved following Australian Competition Tribunal decision
After a lengthy wait, ANZ Group (ASX: ANZ) has finally received Australian Competition Tribunal (ACT) approval for its proposed $4.9 billion acquisition of Suncorp Group (ASX: SUN). ANZ initially entered into an agreement to purchase Suncorp in July 2022, however that move was halted by the Australian Competition and Consumer Commission’s (ACCC) decision not to […]
ANZ-Suncorp deal blocked by ACCC, cites oligopoly concerns
A frustrated Suncorp Group (ASX: SUN) has expressed disappointment at an Australian Competition & Consumer Commission (ACCC) decision to block the sale of its banking division to the ANZ (ASX: ANZ). The ACCC determined that the proposed acquisition had the potential to substantially lessen competition in the Australian home loan market. In her response, Suncorp […]
Coronado ends merger discussions with Peabody, Suncorp flooded with claims and Medibank remains calm despite threat
Queensland-based Coronado Global Resources (ASX: CRN) has ceased merger discussions with global coal giant Peabody Energy Corporation (NYSE: BTU). Both parties jointly agreed to end talks over a deal that was estimated to be worth more than $9 billion. Following the collapse in negotiations, Coronado’s share price tumbled around 5% at the start of the […]
Beach Energy to supply LNG to BP, Imugene trials show ‘positive signals’ and ANZ extends $200m funding program
Beach Energy (ASX: BPT) will sell 3.75 million tonnes of its LNG under a sale and purchase agreement (SPA) executed this week with oil and gas giant BP’s subsidiary BP Singapore. The Australian oil and gas company made the announcement Monday – saying it has agreed to sell 3.75Mt of LNG to BP, which brings […]