Market
Primary Strategic Benefit Cited by Aviva for Direct Line Acquisition
2
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Official statements from Aviva, press releases, or interviews with Aviva executives.
Story
Aviva Agrees to Acquire Direct Line for £3.7 Billion ($4.65 Billion), Creating UK's Largest Motor Insurer
Dec 23, 2024, 08:35 AM
UK insurer Aviva has reached a formal agreement to acquire Direct Line Insurance for approximately £3.7 billion ($4.65 billion). This acquisition is set to create the largest motor insurer in the UK. The deal has been confirmed by multiple sources, highlighting Aviva's strategic move in the insurance market. The transaction is expected to enhance Aviva's position within the sector, further consolidating its market presence.
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