Aviva attempts 'opportunistic' take-over of Direct Line

for sale rumour

Direct Line’s board confirmed this evening (27 November) that they have rejected a £3.3bn takeover bid from Aviva - the second suitor they have turned down so far this year.

Aviva approached Direct Line with an “unsolicited, indicative and conditional cash and share proposal” last Tuesday (19 November).

Just before 7pm tonight (27 November) Direct Line’s board stated they

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Government to consult on leasehold commission ban

In a written statement published yesterday, the Minister of State for Housing, Communities and Local Government has said the government “will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration”.

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