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Evening Standard
Evening Standard
Alex Daniel

Aviva and Direct Line agree £3.7bn insurance tie-up

Insurer Direct Line Group has announced lower-than-expected half-year profits (Alamy/PA) -

Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop.

The FTSE 100 insurer is set to purchase its smaller competitor after a £3.3 billion was bid turned down in November.

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