Reports Royal London ‘in merger talks’ with LV

But a ‘number of parties’ also interested in the deal worth over £500m

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UK-based mutual insurer Royal London is rumoured to be in late-stage talks to take over Manchester-based insurance company LV=. 

According to Sky News, the deal would be in excess of £500m, but substantially less than £1bn ($1.3bn, €1.1bn). 

The merger would bring together the pensions, life insurance and asset management businesses of the two mutual insurance companies. 

If the takeover goes ahead, it will end LV=’s 177-year status as an independent business. 

Discussions with many parties 

But Royal London is not the only firm that has shown interest in a potential takeover. 

The board of Liverpool Victoria Financial Services (LV=) notes the recent press speculation and confirms thatas part of a previously announced strategic review, it has been and remains in discussions with a number of parties regarding a potential transaction. 

Discussions are on-going and there can be no certainty that the discussions will result in any transaction being agreed or with whom. 

A further announcement will be made if and when appropriate. 

International Adviser reached out to Royal London, but the firm declined to comment. 

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