Business
IAG shares tank amid Greensill fears – The Australian Financial Review
Shares in insurance giant IAG have been temporarily frozen after the market was spooked by the possibility of fallout from the failure of supply-chain financing…
Shares in insurance giant IAG have been temporarily frozen after the market was spooked by the possibility of fallout from the failure of supply-chain financing outfit Greensill Capital.
Sydney-based IAGs shares had tumbled 49¢ to $4.32 before they were placed in a trading halt on Tuesday. Shares in rival Australian insurers Suncorp and QBE had been up in midday trading.
The trading halt is requested to enable IAG to prepare a disclosure following enquiries regarding the impact of Greensills insolvency,…
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