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Australia's competition regulator on Wednesday blocked Insurance Australia Group's ASX:IAG planned takeover of RAC Insurance, finding it would likely weaken competition in key insurance markets in Western Australia.The Australian Competition and Consumer Commission's (ACCC) decision follows a detai…
(23:25 GMT) *Australian Competition Regulator Blocks IAG's RAC Insurance Acquisition (23:27 GMT) *IAG's Acquisition Would Substantially Lessen Competition, Regulator Says (23:29 GMT) *IAG Must Not Put Proposed Acquisition Into Effect, Regulator Says (23:29 GMT) *Australian Competition & Consumer Re…