IAG May Have to Divest Existing WA Operations -- Market Talk

Dow Jones
Sep 05

0032 GMT - IAG may have to divest its existing operations in Western Australia state if it is to secure permission for its latest acquisition from the competition regulator, Jarden analysts say. They think that the regulator's statement on its preliminary concerns was largely in line with market expectations, but cautions that such commentary has historically been followed by significant structural changes to a proposed deal. Other solutions in this case could include carving out geographical portfolios, maintaining target RACI's operational independence in Western Australia, or even shifting to a partial acquisition, the analysts write in a note. They keep a neutral rating and A$8.50 target price on IAG, which is up 1.2% at A$8.755. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

September 04, 2025 20:32 ET (00:32 GMT)

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