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ANZ deal delivers Suncorp three big wins

Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer. 

Suncorp chief executive Steve Johnston sees three key victories for shareholders flowing from the $4.9 billion deal to sell the Queensland group’s banking division to ANZ.

The first is a hefty capital return.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/anz-deal-delivers-suncorp-three-big-wins-20220718-p5b2iz