Direct Line’s shareholders approve acquisition of commercial lines portfolio by Intact’s RSA
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Direct Line’s shareholders approve acquisition of commercial lines portfolio by Intact’s RSA

Aisling Finn
19 October 2023
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The proposed acquisition of Direct Line’s brokered commercial lines operations by Canadian insurer Intact, the parent company of Royal & Sun Alliance (RSA), has been approved by Direct Line’s shareholders.

The transaction is expected to close on 26 October, upon the payment of a £520mn cash consideration.

Direct Line’s shareholders voted overwhelmingly in favour of the acquisition –99.97%

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Aisling Finn
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