IAG’s play for RACQ Insurance raises antitrust concerns in Australia | MLex

( February 3, 2025, 00:18 GMT | Official Statement) — MLex Summary: Insurance Australia Group’s bid to acquire 90 percent of shares in RACQ Insurance, a wholly owned subsidiary of The Royal Automobile Club of Queensland, has raised antitrust concerns for the Australian competition regulator. In a market inquiries letter today, the Australian Competition & Consumer Commission said IAG’s application also includes an option to acquire the additional 10 percent shares after two…