IAG's $1.35B Acquisition of RACW Blocked by Competition Watchdog

IAG's $1.35B acquisition of RACW blocked by competition watchdog

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The ACCC has opposed Insurance Australia Group’s planned $1.35 billion acquisition of RAC Insurance of Western Australia, despite a five-year undertaking by IAG. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your password?

ACCC blocks Insurance Australia Group’s RAC Insurance acquisition

The ACCC has stopped IAG's proposed RAC Insurance buyout, citing competition concerns.

ACCC again rejects $1.35b RAC Insurance sale to IAG

IAG re-applied in January for approval in January under new acquisition rules, having been rejected late last year.

ACCC blocks IAG-RAC deal, again

The competition watchdog has again opposed IAG's $1.35 billion proposal to acquire RAC's insurance business, doubling down on its stance the deal would substantially lessen competition.