Fortress Investment Group joins L&G and LV= as potential bidders

A New York investment firm is reported to have joined the race to buy the Co-operative Group’s insurance arm.

The Sunday Times reported that Fortress Investment Group, which manages assets worth $58bn (£36m) has joined Legal & General, LV=, Catalina and Anacap as potential suitors.

Legal & General is reportedly interested in the Co-op’s profitable household insurance book.

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