Direct Line shares surge amid takeover speculation
by Jack Simpson from World news | The Guardian on (#6JZ1P)
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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