ASX announcement
7 November 2017 |
Termination of Scheme Implementation Agreement with Tower |
Vero Insurance New Zealand Limited (Vero) (a wholly owned subsidiary of Suncorp Group Limited) today announced it had received notice of termination from Tower Limited (Tower) of the Scheme Implementation Agreement. As a result, Suncorp will no longer be proceeding with its appeal of the New Zealand Commerce Commission's decision to decline its application to acquire Tower. Suncorp is now focused on maximising the value of its Tower shareholding. | ||
Ends For more information contact: | ||
Media | Tony Reid | +64 (0) 27 405 1174 |
Analysts/Investors | Andrew Dempster | +61 (0) 497 799 960 |
Suncorp Group Ltd - ABN 66 145 290 124 - Level 28, 266 George Street, Brisbane Qld 4000
suncorpgroup.com.au 1
Suncorp Group Ltd. published this content on 07 November 2017 and is solely responsible for the information contained herein.
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