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VisitRegulatory Body Imposing Major Conditions on Aviva's Direct Line Acquisition
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Official statements from regulatory bodies such as the UK Competition and Markets Authority, Financial Conduct Authority, or other relevant authorities.
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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