2024-03-25 10:18:42
Shares in British insurer Direct Line plunged 16% on Monday morning, after Belgian insurance group Ageas announced on Friday evening that it would not make an offer for the British company.
Ageas said it had twice attempted to establish a dialogue with the board of directors of Direct Line Insurance Group regarding the acquisition of the entire issued and to be issued capital of Direct Line, but these attempts were rejected.
The insurer nevertheless clarified that it remained convinced of the attractiveness of the sector in the United Kingdom.
Ageas revealed its interest in Direct Line on February 28 during the publication of its annual results.
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