Chanticleer cover image

Energy special, economy's big test & bank deal blocked!

Chanticleer

00:00

The ACCC Blocks Suncorp's Merger With A&Z

The big four banks have to what is it, 75% of the market between them. So they've tried to bolt on Suncorp, which has an extra couple of percent. If we look at it, ANZ had a crack, right? Like the ACCC was always going to be a potential problem here. The board decided to call time on the bank and A&Z was there offering 1.3 times the net tangible asset value. That's like a 30% premium to what Bank of Queensland trades are at or Bendigo and Adelaide bank, the other regional banks.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app