Insurance Australia Group Ltd

IAG: XASX (AUS)
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Insurance Australia Group: Nice Idea but RAC Acquisition Unlikely to Proceed

Competition concerns stand in the way of Insurance Australia Group acquiring the insurance book of The Royal Automobile Club of Western Australia, or RAC. At a price of AUD 1.35 billion, it would add around AUD 1.5 billion to the insurer's gross written premiums.

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