Ashurst advises Citi and Goldman Sachs on £3.7bn recommended acquisition of Direct Line by Aviva

Global law firm Ashurst has advised Citi and Goldman Sachs as joint financial advisers to Aviva plc (Aviva) on the recommended cash and share offer by Aviva for Direct Line Insurance Group plc (Direct Line). The acquisition values the entire diluted share capital of Direct Line at approximately £3.7bn.

The Ashurst team was led by partners Tom Mercer and Tim Rennie, supported by senior associates Colin Bugler and Asil Robertson, and associate Shashtika Sundar.