LV confirms approaches for its general insurance unit
LV says that discussions are at a very early stage but no decisions have been made as to the nature of any transaction.
LV has confirmed that it has been approached by several possible buyers about its general insurance operations.
This follows reports from Sky News last Friday that LV was in talks with German insurer Allianz over the sale of a minority stake in its GI division.
However, LV’s latest statement, while noting recent press speculation, did not mention Allianz as a potential bidder.
It also flagged that the LV board had previously disclosed its consideration of strategic options with a view to
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