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UK watchdog launches investigation into Aviva’s £3.7bn takeover of Direct Line

CMA has up to 40 working days to evaluate agreement’s possible impact on competition in insurance sectorBusiness live – latest updatesThe competition watchdog has launched an investigation into Aviva’s multibillion-pound takeover of the rival insurer Direct Line.The £3.7bn deal, which was agreed last year, will combine the insurance operations of both companies, in a move that is expected to create one of the biggest car insurers in the country. Continue reading...

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