July 18 (Reuters) - Australian Competition and Consumer Commission (ACCC):
- WILL COMMENCE REVIEW OF SUNCORP ACQUISITION AFTER WE HAVE RECEIVED APPLICATION FOR MERGER AUTHORISATION FROM ANZ
- WILL CAREFULLY CONSIDER LIKELY COMPETITIVE IMPACT & ANY PUBLIC BENEFITS FROM ANZ'S PROPOSED TRANSACTION ON RELEVANT BANKING MARKETS & CONSUMERS
- APPLICATION FOR MERGER AUTHORISATION FROM ANZ IS NOT EXPECTED FOR AT LEAST 3-4 WEEKS
- TO CONSIDER EXTENT TO WHICH SUNCORP COMPETES ON PRICE OR THROUGH OTHER FACTORS, DESPITE BEING SMALLER THAN THE MAJOR BANKS
(([email protected];))
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