LV in talks with Allianz on GI stake sale
Provider confirms advanced talks with Allianz on "significant minority stake" in the business.
LV has confirmed that it is in talks with Allianz on a potential sale of a stake in its general insurance business.
In a statement on the London Stock Exchange, LV noted that it was in “advanced discussions” with Allianz regarding the potential sale of a “significant minority stake” in the GI business.
The statement read: “Discussions are on-going and there can be no certainty that any transaction will be agreed, or any certainty as to the terms of which any such transaction might proceed.
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