Allianz has completed its planned £1.07 billion acquisition of the UK general insurance arm of Dorset-based Liverpool Victoria Friendly Society (LV=).
LV= had already sold a 49% stake of its insurance business to Allianz for £500 million in 2017. The two firms then ran the business as a joint venture for two years before announcing Allianz’s plans to acquire 100% of the business in May 2019.
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