Allianz and LV to remain competitors until first half of joint venture deal is completed
Following the announcement that Allianz will buy 49% of LV’s general insurance commercial business, both parties have said that they will remain competitors until phase one of deal is completed at the end of 2017.
The joint venture, which was announced today, will see Allianz paying LV £500 million for a 49% stake hold in its GI commercial business while LV will acquire 51% of Allianz’s personal lines business
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