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Mounting fears over LV= takeover amid claims rivals aim to split up mutual
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Fresh concerns have been raised over the future of mutual insurance firm LV= after it emerged that bidders could break-up the historic company after a takeover.
The 178-year-old firm, originally known as Liverpool Victoria, is being sold to US private equity firm Bain Capital for £530m, in a controversial deal which would end its member-owned status if its members back the takeover in a December vote.
However, fellow mutual insurer Royal London, which had a bid for the company rejected, has
Read more on theguardian.comAbout this in other media
LV= takeover may create conflicts of interest, says boss of trade body theguardian.com /2 years ago
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LV= to be taken over by offshore firm if Bain deal goes ahead theguardian.com /2 years ago
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