CMA launches an investigation into Aviva’s £3.7 billion takeover swoop for  Direct Line. - video Dailymotion

Britain’s competition watchdog has launched an investigation into Aviva’s £3.7 billion takeover swoop for insurance rival Direct Line.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:04Britain's competition watchdog has launched an investigation

00:07into Aviva's £3.7 billion takeover move for its insurance rival, Direct Line.

00:15The Competition Markets Authority said it started its investigation

00:19to look at whether the deal would result in a substantial lessening of competition in the sector.

00:25It will report back with its findings by July 10th.

00:30The CMA will now gather comments on the deal from interested parties

00:35with a deadline for May 29th.