After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.
On Monday LV= confirmed it was in discussions with "other parties" over a sale after Sky News reported it was in talks with Royal London, somewhat forcing the company's hand. Sky News also reported Bain Capital were keen on a deal, which now appears to be more likely to happen. A spokesperson for LV= said the company's board was intent on "maximising long-term value for its members" and making sure the business continues to be operated in their best interests following the sale of its general insurance business to Allianz last year. The spokesperson continued: "Discussions between LV=...
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