Suncorp Bank has this morning accepted a $4.9 billion takeover bid from ANZ. The bank confirmed it will now have to raise $3.5 billion in capital to finance the deal. katrinablowers 7NEWS
The major bank on Monday announced its $4.9 billion agreement to buy the banking arm in an effort to create a stronger, more balanced bank for customers.“ANZ has licensed the Suncorp Bank brand for five to seven years and we are committed to maintaining its current branch footprint in Queensland for at least three years post completion,” Elliott said.
“The same great staff that serve customers today will serve customers tomorrow as members of the Suncorp Bank team and we are committed to building on the great service customers have already been experiencing,” Elliott said. “Our purpose of building futures and protecting what matters – the focus of our company for over 100 years – will remain at our core and enable our people to deliver on our vision to create the leading Trans-Tasman insurance company.”AAP
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