The Blog Spot: Taking the opportunity amid big market deals
Siân Barton believes brokers should not fear the LV/Allianz deal and argues it is a chance to mine fresh opportunities.
Brokers getting into the office last week (4 August) to the news that LV is to be bought by global giant Allianz may have had a more dramatic ‘dum, dum duuuum’ in their heads rather than LV’s famously upbeat ‘dum diddy dum diddy dee dee’ refrain.
Last week the two firms revealed that Allianz will pay £500m for a 49% stake in the personal insurer.
In 2019 it will pay a further £213m for an additional 20.9% of the business and LV also has the option to sell all of its remaining shares to Allianz
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