UK parliament to probe LV= takeover
February 9, 2021- Share:
UK members of parliament plan to investigate Bain Capital's potential £530 million acquisition of insurance company Liverpool Victoria Financial Services (LV=), The Guardian reported. MPs are said to be concerned that policyholders and members have not yet been given full details on what benefits they may receive from the deal. Founded in 1843, LV= sold its general insurance operations to German financial group Allianz in 2019.
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