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Australian review of IAG's acquisition of RACQ Insurance resumes after brief interruption

( April 28, 2025, 02:28 GMT | Official Statement) -- MLex Summary: The Australian competition regulator has restarted its review of Insurance Australia Group’s bid to acquire a 90 percent stake in RACQ Insurance, a wholly owned subsidiary of the Royal Automobile Club of Queensland, following a brief interruption. In an update on its website, the Australian Competition & Consumer Commission set May 22 as the new decision date after receiving further information from the merger parties on April 24. The regulator had previously paused the review on April 7 while seeking additional details, delaying the original decision date of April 24. Both IAG, operating in Australia and New Zealand, and RACQ overlap in the manufacture and supply of personal general insurance, including home and motor insurance. The full entry on the ACCC's website follows: ...

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