Aviva bags loan for £3.7bn Direct Line deal
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Aviva PLC has secured a loan to support its £3.7 billion acquisition of Direct Line Insurance Group PLC, with Citibank completing the syndication of its commitments.
January 29, 2025 | 9:00 am
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Aviva PLC has secured a loan to facilitate its £3.7 billion acquisition of Direct Line Insurance Group PLC, with Citibank completing the syndication of its commitments.
The successful syndication of the loan by Citibank indicates strong financial backing for Aviva's acquisition of Direct Line, which is likely to be viewed positively by investors, potentially boosting Aviva's stock price in the short term.
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