Royal London confirms merger talks with LV= as chair Cook to step down

Offer to create 'well-capitalised mutual'

clock • 3 min read
Royal London confirms merger talks with LV= as chair Cook to step down

Royal London has confirmed it is in "exploratory" talks with rival mutual LV= about a takeover are submitting a second proposal at the end of 2021.

After members voted down the private equity merger bid from Bain Capital on 10 December 2021, LV= said in a statement that it had received an unsolicited preliminary merger proposal from Royal London. "The proposal, which is on a substantively different structure to the offer received during the process in 2020, now includes the possibility of continued mutuality and is conditional on exclusive discussions," the mutual said in December. LV= has revealed a number of changes to its board ...

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