Aviva Plc (LON:AV.) has announced that, further to the completion of the recommended cash and share offer for Direct Line Insurance Group plc (now known as Direct Line Insurance Group Limited) (“Direct Line”), which was effected by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 1 July 2025, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with the post-offer intention statements made pursuant to Rule 24.2 of the Code as detailed in the scheme document published by Direct Line on 10 February 2025.
Aviva confirms compliance with post-offer intentions on Direct Line acquisition
- Written by: Ethan Davis
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Aviva has confirmed to the Takeover Panel that it has complied with the post-offer intention statements made in relation to its Direct Line offer.
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