Aviva has agreed a deal to buy rival company Direct Line for £3.7 billion before the Christmas Day deadline. The insurance company announced the deal with its smaller competitor weeks after a £3.3bn bid turned down in November. A deal between the two companies would make them a force in motor insurance, which is estimated … Read more
One of Britain’s leading financial mutuals is in talks to buy Dalmore Capital, the infrastructure investor with a stake in the Thames “super sewer”. Sky News has learned that Royal London is among the suitors surrounding Dalmore, which began considering a sale earlier this autumn. Royal London’s interest is serious but has not yet resulted … Read more
Private equity firm Cinven is in advanced talks to acquire a major stake in Grant Thornton UK, a deal believed to be among the largest ever in the UK audit industry. Sky News has learned that Cinven is close to agreeing a deal to acquire the stake, with sources suggesting on Wednesday it could be … Read more