Royal London and LV= cease merger talks

Mutuals halt discussions

Jenna Brown
clock • 2 min read
the businesses different mutual models meant a merger would "not be in the best interests of LV= members
Image:

the businesses different mutual models meant a merger would "not be in the best interests of LV= members

Royal London and LV= have halted merger talks saying the firms' different mutual models meant a tie-up would "not be in the best interests of members".

Two days ago, on Monday 9 Februray, Royal London confirmed it was in "exploratory" talks with rival mutual LV= about a merger after submitting a second proposal at the end of 2021. It followed confirmation on 10 December 2021, that Royal London said it was its belief that it could "offer an attractive future for the members of LV= as part of a growing and well-capitalised mutual" following the collapse of its proposed by out by private equity house Bain Capital. However, discussions between the groups have ended with no agreement. The proposed mutual merger was institaged after an ...

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