M&A

Aviva seals £3.75m Direct Line deal, but jobs at risk in cost-cutting drive

By Frank Prenesti

Date: Monday 23 Dec 2024

(Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend but warned it would be looking for cost savings via job cuts.


The offer values each Direct Line Share at 275p a premium...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page