Royal London eyes LV= deal - reports

Deal values LV= at more than £500m

Royal London is eyeing a takeover of LV= that could value the group at around £500m, according to Sky News.

The pensions, insurance and asset management provider - which runs £139bn in assets through Royal London Asset Management (RLAM) - is reportedly in talks with LV= about a tie-up of their businesses. Sky News reported that the board of LV= could reach a decision on a potential deal within days. It has been running a strategic review of the business since June. US private equity giant Bain Capital is also said to be interested in LV=, according to the report. Motor insurance specialist esure is already part of Bain's portfolio of financial services investments. LV='s investment asset...