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March's HPI Check News
09/03/05 - Agreed Aviva offer joins Norwich Union with RAC
The boards of Aviva and RAC announce today the terms of a £1.1bn recommended cash and share offer for RAC plc, for approximately £1.1 billion.
The board of Aviva believes that the acquisition will accelerate the growth and profitability of Aviva’s Norwich Union Insurance, strengthening its position as the UK’s biggest general insurer (with 15 million policyholders) and creating a powerful new combination in insurance and motoring services.