Feb 12 (Reuters) - ACCC:
* ACCC SAYS RAISED PRELIMINARY COMPETITION CONCERNS ABOUT PROPOSED ACQUISITION OF CONNECTIVE GROUP BY AUSTRALIAN FINANCE GROUP
* ACCC SAYS AFG & CONNECTIVE OPERATE IN ALREADY CONCENTRATED MARKET, & NOT MANY OTHER MORTGAGE AGGREGATORS OFFER SIMILAR LEVEL OR TYPE OF SERVICE
* ACCC SAYS CONCERNED THERE WILL BE LIMITED SIMILAR ALTERNATIVES FOR BROKERS TO SWITCH TO, WHICH MAY NEGATIVELY IMPACT SERVICES OFFERED TO BROKERS
* ACCC SAYS FINAL DECISION WILL BE ANNOUNCED ON 7 MAY 2020