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ACCC investigates shareholder of ASX company – Motley Fool Australia
The competition watchdog starts probe into whether a company buying up 35% of ASX share iSelect should really be doing that. Simples.
The Australian Competition and Consumer Commission (ACCC) is investigating purchases of iSelect Ltd (ASX: ISU) shares over competition concerns.
The watchdog was prompted into action after learning Innovation Holdings Australia (IHA), would soon own 35% of all iSelect shares.
According to the ACCC, Innovation Holdings, via related entities, owns CompareTheMarket.com.au, which offers very similar services to iSelect.
Both iSelect and CompareTheMarket.com.au allow consumers to compare insurance, energy…
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