Regulator starts inquiry into Aviva’s £3.7bn acquisition of Direct Line
The Contest Watchdog has begun looking into a significant acquisition involving rival insurance firms amounting to billions. The £3.7 billion deal, reached last year, aims to merge the insurance operations of the two companies, creating one of the largest auto insurers in the UK. On Wednesday, the Competitive Markets Bureau initiated a Phase 1 investigation […]
China criticizes UK-US trade agreement; Aviva’s £3.7 billion purchase of Direct Line faces competition investigation – business live
Good morning, and welcome to our ongoing coverage of business, financial markets, and the global economy. Reports suggest that China is taking aim at the recent trade agreement between the UK and US, which may effectively push Chinese products out of British supply chains. This trade deal, announced last Thursday, is the first one finalized […]
Direct Line shares jump 38% after rejecting Aviva’s £3.3bn offer to create insurance giant – business live | Business
main events Show only major events Please turn on JavaScript to use this feature Peel Hunt analyst Andreas van Emden said Aviva's offer was reasonable but could be sweetened by up to 265p per share. In our view, this offer is a reasonable discount to Direct Line Group's (DLG) full recoverability and includes a bid […]