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Free Web Submission Articles Royal London and rival financial services firm LV= in talks about £500m tie-up
Free Web Submission Articles Royal London and rival financial services firm LV= in talks about £500m tie-upRoyal London and rival financial services firm LV= in talks about £500m tie-up
Royal London and rival financial services firm LV= in talks about £500m tie-up
Royal London and rival financial services firm LV= are in talks about a £500m tie-up.
The potential deal could see the pair combine their life insurance, pensions and asset management divisions.
It would mean that LV=, better known as Liverpool Victoria, would end its 177-year run as an independent business.
The two companies could form a 'mutuals champion' boasting some 10m UK customers, sources told Sky News.
Royal London is Britain's largest mutual insurer.
Private equity firm Bain Capital is seen as a potential rival bidder for LV=, which is thought to be worth between £500m and £1billion.
Reference: Daily Mail City & Finance Reporter 5 days ago: 28/09/2020
