Global law firm Ashurst has advised ANZ on its acquisition of 100% of Suncorp Bank from Suncorp Group Limited, via the acquisition of 100% of the shares in SBGH Limited. This represents the largest banking acquisition in Australia in the past decade.
The acquisition has now been completed, with ANZ satisfying the regulatory approvals and clearances required under the sale agreement. Ashurst has been a trusted legal adviser on all aspects leading up to the completion of this strategically important acquisition for ANZ.
The Ashurst team was led by partners Eliza Blandford and John Brewster and senior associate, Joseph Nguyen (Corporate Transactions); partners Peter Armitage, Justin Jones and Tihana Zuk (Competition); partner Andrew Craig and counsel Dora Guslitser (Transitional Services); partner Jon Lovell (Employment); partners Anita Cade and Maria Sun (Brand); partners Mark Bradley, Narelle Smythe (Finance Regulatory); partner Ian Kellock and counsel Bronwyn Kirkwood (Direct Tax); partner Costa Koutsis and senior associate Anthony Hui (Indirect Tax) and partner Arthur Chong and lawyer Jack Kelly (Real Estate), with input from lawyers in other practice areas.
