German firm pays more than £800m for parts of Legal & General and LV= businesses
Allianz is to become the second biggest general insurer in Britain after taking over the general insurance businesses of Legal & General and LV= in transactions worth more than £800m.
The deals will give the combined business 12 million general insurance customers in the UK, with a market share of 9% and putting Allianz behind only Aviva in size.
Continue reading...from Mergers and acquisitions | The Guardian http://bit.ly/2WlHQit
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