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Danuta Gray, chair of Direct Line, said the offer delivered “significant value” for shareholders, noting the company’s established brands, robust customer focus and skilled workforce. Once merged, ...
Ageas first approached the firm just before Adam Winslow took over from Penny James as Direct Line's chief executive in March, having previously been head of Aviva's UK and Ireland insurance ...
"Bringing Direct Line and Aviva together offers the opportunity to create a strengthened and enlarged business," he added. "In a highly competitive UK general insurance marketplace, the combined ...
Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be ...
Insurance giant Aviva has confirmed a £3.7bn takeover of competitor Direct Line, after an initial ... entity expected to command over 20% of the UK sector. Aviva's chief executive Amanda Blanc ...
Aviva and Direct Line reached a preliminary agreement in early December. Aviva had until Christmas Day to make a formal offer or walk away under UK takeover rules. Aviva aims to save 125 million ...