Investigation on Aviva takeover of AIG Life launched by CMA

Concerns on substantial lessening of competition

Jaskeet Briah
clock • 1 min read

The UK Competition and Markets Authority (CMA) has launched an investigation into Aviva’s acquisition of AIG Life UK, in what formed a £460 million deal.

The watchdog said it is considering whether the takeover will result in a substantial lessening of competition within any market or markets in the UK for goods or services. To assist with the merger inquiry, the CMA has invited comments on the transaction from any interested party. The watchdog will announce its decision on whether to refer the merger for a phase two investigation on 8 April, 2024. An Aviva spokesperson told COVER: "It's typical for transactions to require regulatory approval and this deal is no different. We continue to expect the transaction to complete in the fi...

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