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Suncorp drops out of CBA general insurance auction: sources


Suncorp drops out of CBA general insurance auction: sources
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ASX-listed Suncorp Group has given up its pursuit of Commonwealth Bank of Australia’s up-for-sale general insurance unit.
It is understood Suncorp has dropped out of the Goldman Sachs-run auction, leaving rivals Insurance Australia Group and Allianz to duke it out for the division. Sources said bids were due in the coming week or so.
Street Talk.  
Glenn Hunt
Suncorp shareholders are expected to welcome the news. The company’s not afraid of M&A to grow its book of business and earnings, but doesn’t want to be paying big premiums for assets. ....

Steve Johnston , Suncorp Group , Commonwealth Bank , Insurance Australia Group , Goldman Sachs Run , ஸ்டீவ் ஜான்ஸ்டன் , சன்கார்ப் குழு , காமன்வெல்த் வங்கி , காப்பீடு ஆஸ்திரேலியா குழு , கோல்ட்மேன் சாக்ஸ் ஓடு ,