Esure owner could pay up £1bn for business
Esure owner Bain Capital is in talks to buy the remainder of LV=.
LV= sold off its general insurance arm completely to Allianz last year.
It is now a life, pensions and investment business.
The deal could cost the private equity giant anywhere between £500m to £1bn.
“Discussions between LV= and Bain Capital are ongoing and there can be no certainty that any transaction will be agreed, nor any certainty as to the terms on which any such transaction might proceed,” the company said in a statement.
Bain Capital snapped up esure for £1.2bn in August 2018.
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