Aviva takeover of RAC buoys FTSE

The £1.1bn (€1.6bn) takeover of the RAC by insurance giant Aviva was given the thumbs up by investors today as London shares pushed forward.

Aviva takeover of RAC buoys FTSE
Wed, 09 Mar, 2005 - 11:27

The £1.1bn (€1.6bn) takeover of the RAC by insurance giant Aviva was given the thumbs up by investors today as London shares pushed forward.

Aviva shares advanced 2% or 12p to 674.5p to feature high among the blue-chip risers as the City accepted the logic of a tie-up with the 108-year-old motoring organisation.

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