News: SUN Australia's ACCC - Australian Competition Tribunal Authorises ANZ's Proposed Acquisition...

Feb 20 (Reuters) - Australian Competition and Consumer Commission:

• AUSTRALIAN COMPETITION TRIBUNAL AUTHORISES ANZ'S PROPOSED ACQUISITION OF SUNCORP
• TRIBUNAL’S DECISION SETS ASIDE ACCC’S EARLIER DECISION NOT TO GRANT AUTHORISATION FOR SUNCORP BANK'S PROPOSED ACQUISITION
• NOTES AUSTRALIAN COMPETITION TRIBUNAL’S DECISION TO GRANT AUTHORISATION FOR ANZ’S PROPOSED ACQUISITION OF SUNCORP’S BANKING BUSINESS
• ACCC NOTES TRIBUNAL'S DECISION AND WILL REFLECT ON IT
• TRIBUNAL CONCLUDED THAT IT IS SATISFIED THAT THE TRANSACTION WOULD NOT RESULT IN A SUBSTANTIAL LESSENING OF COMPETITION IN ANY RELEVANT MARKET
• TRIBUNAL DIDN’T CONSIDER PROPOSED SUNCORP BANK ACQUISITION WOULD MEANINGFULLY IMPACT ON LIKELIHOOD OF COORDINATION

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