ANZ capital raise to fund new bid

Jul 18, 2022 | Global Share Markets, Latest News

18.7.22 ANZ Banking Group today launched a capital raise to help fund a surprise acquisition of Suncorp Bank. The cash sale is valued at A$4.9 billion. This represents $1.3bn of goodwill paid above net tangible assets. And a 1.3x P/NTA. It also represents a P/E of 13.8x pre synergies or 9.3x3 post full run-rate synergies. […]

 


 

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