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

Public benefit or private monopoly? IAG takes on Gina Cass-Gottlieb

The insurer’s chief executive is taking a high-stakes gamble to rescue his RAC WA takeover by arguing that bigger is better for consumers.

Watchdog again blocks sale of RAC WA insurance arm to east-coast giant

Australia's competition watchdog again blocks the sale of WA's largest insurer to an east-coast industry giant, reiterating the purchase would likely reduce competition in the state's insurance market.

Australian competition regulator blocks IAG's RAC Insurance ...

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.