Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk
Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined groupBusiness live – latest updatesAviva has agreed to buy the rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned as the companies aim for £125m in cost savings.Aviva, a FTSE 100 member and the UK’s largest insurer, said on Monday it would offer the equivalent of £2.75 for each Direct Line share in cash and shares. Continue reading...
Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group
Aviva has agreed to buy the rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned as the companies aim for £125m in cost savings.
Aviva, a FTSE 100 member and the UK’s largest insurer, said on Monday it would offer the equivalent of £2.75 for each Direct Line share in cash and shares. Continue reading...
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