ACCC investigating acquisitions of iSelect shares by Compare the Market

The ACCC has announced it is investigating acquisitions by Innovation Holdings Australia Pty Ltd (which, through related companies, owns comparethemarket.com.au) that would give it around 35% of shares in iSelect Limited. Previous acquisitions have given Innovation Holdings 29% of iSelect and it now proposes acquiring a further 6%. The ACCC is investigating the past and proposed acquisitions - however, as per current ACCC policy it has only placed its review of the proposed acquisition on the ACCC mergers public register.

See media release.