Insurer Aviva set to buy Direct Line
Financial Express Delhi|December 07, 2024
BRITISH INSURER AVIVA has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK's largest home and motor insurer.
REUTERS
Insurer Aviva set to buy Direct Line

In a joint statement on Friday, the companies said a preliminary agreement had been reached and that Direct Line was set to recommend a takeover by Aviva if its bigger rival makes a formal offer.

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