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 rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned as the companies aim for £125m in cost savings.FTSE 100 member Aviva, the UK’s largest insurer, said on Monday it will offer the equivalent of £2.75 for each Direct Line share in cash and shares. Continue reading…
Source link : https://www.theguardian.com/business/2024/dec/23/aviva-to-buy-direct-line-deal-jobs-staff-insurance-takeover
Author : Jasper Jolly
Publish date : 2024-12-23 08:38:00
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Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk
