Latest AXX News

Deal activity and fintech growth set the pace, with Zip surging and Insignia moving closer to leaving the boards. At the same time, regulators kept pressure on insurance deals and several fund managers showed how choppy markets are hitting assets and flows.

The ACCC has escalated its scrutiny of Insurance Australia Group’s proposed takeover of RAC Insurance, citing potential substantial lessening of competition in Western Australia’s motor and home insurance markets.

The ACCC has referred Ampol’s acquisition of EG Australia to a detailed Phase 2 review, citing concerns that the deal could significantly reduce competition in key Australian fuel markets.

The ACCC has decided not to oppose Southern Cross Media’s proposed acquisition of Seven West Media, citing limited competition concerns amid evolving digital media landscapes.