RAC deal decision due next week
Competition review findings on IAG’s proposed $1.35 billion takeover of RAC’s underwriting operations are again scheduled for release on September 4.
The Australian Competition and Consumer Commission last month indicated a delay to October 2 as it sought further information.
But the regulator, in a timeline revision, is now again aiming for Thursday next week, with the announcement to be either a final decision or a statement of issues.
IAG is also expected to wrap up its RACQ Insurance acquisition next week after it gained regulatory clearance in May.