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M&A - IAG-RAC Insurance

Insurance Australia Group’s bid to acquire 100 percent of the issued share capital in RAC Insurance from RACI, a wholly owned subsidiary of the Royal Automobile Club of Western Australia, is being assessed under Australia’s new mandatory merger regime by the Australian Competition & Consumer Commission. The deal, filed in March, was referred to a Phase 2 review on April 16, 2026. It was opposed under the previous informal merger regime. 

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