In 2001,Suncorp Metway Ltd,a Queensland insurance and banking group,acquired GIO Insurance from AMP.This is called _________ strategy.

Name: In 2001,Suncorp Metway Ltd,a Queensland insurance and banking group,acquired GIO Insurance from AMP.This is called _________ strategy.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

The acquisition strategy involves one company buying another company to expand its operations or to achieve synergies. In this case, Suncorp Metway Ltd acquired GIO Insurance from AMP, which is an example of an acquisition.

In 2001,Suncorp Metway Ltd,a Queensland Insurance and Banking Group,acquired GIO