Suncorp open to mergers, but does not expect any

Suncorp Metway chief executive John Mulcahy said two of the financier prerequisites for considering any takeover or merger were now satisfied. He said the company's track record and prospects were adequately reflected in its own share price, and the management team had also been strengthened over the last couple of years. “But as growth slows, what we need to see is under-performance (by Suncorp's rivals). Company performance will tend to differ in the more competitive environment that we are heading into.”

Advertisement