Direct Line shares surge amid takeover speculation

8 months ago 36

Belgian insurer Ageas confirms it is considering £3.1bn offer for troubled British rival

Shares in Direct Line have rocketed by more than 20% after a Belgian rival confirmed it was considering a £3.1bn offer to buy the British motor insurer.

The Brussels-headquartered insurer Ageas said in a statement on Wednesday that it was in the “preliminary stages” of a possible offer to acquire the Kent-based motor insurer.

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