ANZ Group Holdings Ltd
ANZ: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$52.00 | Hlmx | Tvgnjkdn |
ANZ Group and Suncorp: Deal Nearly Done
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.