Allianz £500 million acquisition of 49% stake in LV =

Overview:

• Allianz has acquired a 49% stake in LV = for £500 million.
• LV= is an insurance company whose official name is Liverpool Victoria. 
• Both companies will establish as a joint venture, which will becomes the UK's third largest insurance firm with more than six million customers.
• In 2019 Allianz will acquire another 20.9% stake for £213 million. 
• The joint venture will be run by Steve Treloar who will report to a Board of Directors drawn from LV= and Allianz.
• LV = was advised by Fenchurch Advisory Partners

Katrin Kostadinova - Data analyst