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18 March 2024Insurance

Ageas said to strike unconvincing tone in Direct Line takeover bid

Belgian-French multinational insurer Ageas has proven to be a rather unconvincing suitor for UK rival Direct Line, with an indicative takeover bid and later sweetener well short of analyst and market hopes.

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More on this story

Ageas bumps bid for Direct Line, gets rebuff from target & markets

13 March 2024 Stock market investors seem to consider the price boost skimpy, send shares down.

Ageas eyes Direct Line in bid for European non-life, quickly rebuffed

29 February 2024 Shares closed less than half the gap to the bid, signaling low faith a deal can be cut.

Ageas reshuffles executive committee, creates reinsurance role

24 January 2024 It has created a new role: managing director reinsurance & investments.

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