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Evening Standard
Evening Standard
Business
Alex Daniel

Sheilas’ Wheels owner bought by Belgian insurer in £1.3bn deal

Ageas Esure United Kingdom Insurance Direct Line

Belgian insurance giant Ageas has agreed to buy Esure, the UK-based owner of the Sheilas’ Wheels brand, for £1.295 billion, it said on Monday.

Ageas said it had agreed a deal with Esure’s owners, investment group Bain Capital, which will create the third-largest platform in the UK for personal lines such as motor and home insurance.

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