Allianz complete 100% acquisition of LV GIG for £578m

Latest News | Legal | Mergers & Acquisitions | South East

Allianz UK are set to buy out the remaining 51% stake in LV General Insurance Group (LV GIG) for up to £578 million from Liverpool Victoria Friendly Society (LVFS).

The transaction is likely to complete at the end of the year.

“Our joint venture has been a great success and taking 100% ownership of LV GIG creates the best platform for taking the business forward,” said Jon Dye.

“We have experienced the value and the culture that exists within LV GIG and we will continue to protect the integrity of these important assets.”

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