The Blog Spot: Taking the opportunity amid big market deals

Sian Barton

Brokers getting into the office last week (4 August) to the news that LV is to be bought by global giant Allianz may have had a more dramatic ‘dum, dum duuuum’ in their heads rather than LV’s famously upbeat ‘dum diddy dum diddy dee dee’ refrain.

Last week the two firms revealed that Allianz will pay £500m for a 49% stake in the personal insurer.

In 2019 it will pay a further £213m for an additional 20.9% of the business and LV also has the option to sell all of its remaining shares to Allianz