Aviva's Direct Line deal faces UK competition probe

Dawn raids on betting industry businesses as part of criminal probe into potential breaches of competition law

Dawn raids have been carried out on betting industry businesses as part of a criminal investigation into potential breaches of competition law.

The regulatory assessment of the impact on competition between the two insurance undertakings in this first phase of the investigation should be disclosed on 10 July.

Probe launched into Aviva's £3.7bn takeover of Direct Line

Britain's competition watchdog wants to review a £3.7bn deal that would see Aviva takeover Direct Line.

Probe into Aviva’s £3.7bn deal for Direct Line launched by competition watchdog

The Competition and Markets Authority will look at whether the deal could result in a ‘substantial lessening of competition’ in the sector.

Aviva's Direct Line deal faces UK competition probe

Aviva's bid to become Britain's largest home and motor insurer via a £3.7 billion planned takeover of smaller rival Direct Line suffered a potential setback today, after Britain's antitrust watchdog said it would review the deal.

Government launches CMA growth ‘reset’    – Mortgage Finance Gazette

Labour has published a strategic “reset” for the Competition and Markets Authority, which will see it “prioritise growth while ensuring effective competition and consumer protection”.   The move comes a day after the watchdog opened a probe into Aviva’s £3.6bn takeover of Direct Line to… The post Government launches CMA growth ‘reset’    appeared first on Mortgage Finance Gazette.