Street Talk
ANZ closes in on deal to buy Suncorp Bank; preps $3.5b raising
Updated
ANZ Banking Group and Suncorp Group are working together to pull off the biggest Australian banking deal in more than a decade.
It is understood ANZ and Suncorp were locked in late-stage talks on the weekend, trying to finalise a deal that would see ANZ acquire Queensland-based Suncorp’s bank.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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