Suncorp's Vero appeals against vetoed Tower purchase

The Vero unit of Australian insurer Suncorp has lodged a court
appeal in New Zealand against the competition regulator's July
decision to block its NZ$236.1mn ($172.3mn) takeover of Tower.
In a one-sentence statement Suncorp said Vero Insurance New
Zealand had submitted the appeal with the New Zealand High
Court.
The New Zealand Commerce Commissionvetoed the transaction last month , noting that the transaction
could damage competition in the New Zealand personal insurance
market.
Suncorp had won