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Australian review of Allianz-RAA deal restarts, following information request

( April 28, 2025, 02:31 GMT | Official Statement) -- MLex Summary: The clock has been restarted on the review of global insurance provider Allianz Group’s proposed acquisition of RAA Insurance Holdings and its subsidiary RAA Insurance Limited, known together as RAAI, from the Royal Automobile Association of South Australia Incorporated, or RAA. In an entry on its website, the Australian Competition & Consumer Commission said it had received the additional information requested and was now able to recommence its review, which is also looking into Allianz’s plan to enter into a 20-year agreement for RAA to exclusively distribute Allianz and RAAI-underwritten insurance products. The regulator has set May 22 as the deadline for a decision.The full entry on the ACCC's website follows: ...

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