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The companies on the block in Australia’s M&A boom

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With bankers describing the current surge in takeovers as the hottest M&A environment in decades, dozens of Australian companies are bracing for a knock on the door.

In banking, there is still plenty to play out despite the $1.3 billion sale of ME Bank to the Bank of Queensland and Citi’s credit card business to NAB for $1.2 billion in 2021, with ANZ reported to have lucked out in both deals.

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/the-companies-on-the-block-in-australia-s-m-and-a-boom-20211019-p591ae