Deals
ANZ Agrees to Buy Suncorp’s Bank Operations for $3.3 Billion
- Bank seeking to raise A$3.5 billion to help fund acquisition
- Lender is considering deals as it aims to add customer growth
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Australia & New Zealand Banking Group Ltd. agreed to buy Suncorp Group Ltd.’s banking operations for A$4.9 billion ($3.3 billion) as it seeks to gain an edge over larger rivals by expanding in the country’s fastest growing region.