Financial

IAG Acquires RAC Insurance Business in AU$1.35Bn Deal, Expanding Footprint in Western Australia

Thu 15 May 25, 12:37 AM | Team Kalkine

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Highlights

IAG to acquire RAC's insurance arm and secure a 20-year exclusive distribution deal for AU$1.35 billion.

Transaction expected to be earnings-per-share accretive in the first full year post-completion.

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