Breaking Stories

Dow Jones Newswires: ANZ to buy Australian regional lender Suncorp Bank for A$4.9 billion

By 39 views
0

Australia & New Zealand Banking Group Ltd. AU:ANZ said it has agreed to buy regional lender Suncorp Bank for about 4.9 billion Australian dollars ($3.3 billion), in a deal that could accelerate growth of its retail and commercial businesses.

The acquisition of Suncorp Bank from Suncorp Group Ltd. AU:SUN will be funded by selling new shares to raise about A$3.5 billion and from existing capital, ANZ said Monday. The entitlement offer price of A$18.90/share is a 12.7% discount to ANZ’s last closing price.

Suncorp…

Dow Jones Newswires: New Zealand’s inflation rate hits 32-year high in Q2

Previous article

New single-stock ETFs let investors short Tesla without shorting Tesla

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Breaking Stories