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Suncorp Tower takeover denied by competition watchdog

Fears that "substantially lessened" competition in New Zealand's personal insurance market would result from Suncorp's takeover of Tower has led to the New Zealand Commerce Commission denying the proposed merger.

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Read more: TowerSuncorpInsuranceNew ZealandVeroAcquisitionTakeoverNew Zealand Commerce CommissionWatchdogPaul Smeaton