Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
[ABA Antitrust Daily Digest 5/14/2025] (Reuters) Aviva's attempt to acquire Direct Line for £3.7 billion ($4.92 billion) to become Britain's largest home and motor insurer faces a challenge as the Competition and Markets Authority (CMA) announced a review of the deal and the https://t.co/SILzgYAGAp
Aviva's bid to become Britain's largest home and motor insurer via a 3.7 billion pound ($4.92 billion) takeover of smaller rival Direct Line suffered a potential snag on Wednesday, after Britain's antitrust watchdog said it would review the deal. https://t.co/4mjWpnqMJk
Britain's antitrust watchdog said that it is investigating Aviva's proposed £3.7 billion ($4.9 billion) cash and stock acquisition of rival insurer Direct Line, saying it has concerns about competition. https://t.co/NXZh6n2huU
Aviva's proposed £3.7 billion ($4.9 billion) takeover of rival insurer Direct Line is under investigation by the UK's Competition and Markets Authority (CMA). The deal, which would create Britain's largest home and motor insurer, has raised concerns about competition, prompting the antitrust watchdog to review the transaction. The CMA's scrutiny represents a potential obstacle for Aviva's bid to expand its market share through this cash and stock acquisition.
