Royal London confirms exploratory discussions with LV=

Royal London have issued a short statement this morning relating to their discussions with the mutual insurer as follows:

“In light of the outcome of LV=’s Special General Meeting, Royal London issued a statement on 10 December 2021 outlining our belief that we could offer an attractive future for the members of LV= as part of a growing and well-capitalised mutual. We note LV=’s announcement and we can confirm we have had initial, exploratory discussions with them. There is no certainty that these discussions will result in a transaction and a further announcement will be made as and when appropriate.”