LV= board issues statement regarding recent press speculation regarding possible transaction
According to a recent report from Sky, LV= has engaged with financial advisers to examine whether the sale of its life and pensions units would be in the best interests of its 1.3 million customers. Sky reported the 177 year-old business is also considering some sort of joint of venture. Sources told Sky there is no guarantee of the sale, and LV='s board could decide to maintain its independence. However, Fenchurch Advisory Partners is understood to be advising the firm on its options. In...
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