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Evening Standard
Evening Standard
Holly Williams

Aviva set to complete £3.7bn takeover of Direct Line in July

Aviva Direct Line Insurance Churchill United Kingdom
Insurer Direct Line Group has announced lower-than-expected half-year profits (Alamy/PA) -

Insurer Aviva has said its £3.7 billion takeover of rival Direct Line is set to complete next month after “constructive” talks with the competition watchdog.

The Competition and Markets Authority (CMA) is not due to report back on its so-called phase one investigation on the takeover until July 10 but Aviva said it was “confident” of receiving the all-clear for the deal.

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