- Reuters
RPT-UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
Britain's competition regulator said on Thursday that it has decided not to open an in-depth 'phase 2' investigation into Aviva's acquisition of AIG Life UK. Britain's Aviva agreed last September to buy the UK life insurance business of U.S. insurer AIG, known as AIG Life UK, for 460 million pounds ($580.43 million). The transaction was expected to add 1.3 million individual protection customers and 1.4 million group protection members to Aviva's business, the UK insurer said at the time.
- Reuters
UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
Britain's competition regulator said on Thursday that it has decided not to open an in-depth 'phase 2' investigation into Aviva's acquisition of AIG Life UK. Britain's Aviva agreed last September to buy the UK life insurance business of U.S. insurer AIG, known as AIG Life UK, for 460 million pounds ($580.43 million). The transaction was expected to add 1.3 million individual protection customers and 1.4 million group protection members to Aviva's business, the UK insurer said at the time.
- Reuters
PRESS DIGEST-British Business - March 8
The following are the top stories on the business pages of British newspapers. -National Gas has tested running pure hydrogen through its pipelines in a world first as it attempts to make the case for the lower-carbon fuel as an alternative to natural gas. - UK's Insolvency Service has begun legal action to have Lex Greensill disqualified from running companies for up to 15 years after the outcome of an investigation into the directors of his failed finance firm Greensill Capital.
