Probe launched into Aviva's £3.7bn takeover of Direct Line
Source: BBC
Aviva's planned takeover of Direct Line is to be reviewed by the UK's competition watchdog, potentially setting back a £3.7bn deal.The two insurance firms agreed a major deal in December last year, but the Competition Markets Authority (CMA) said it was investigating whether a merger would result in a "substantial lessening" of competition in the insurance sector.The combined companies would make become a…
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