LONDON, Dec 12 (Reuters) - UK Insurer Legal & General has hired Goldman Sachs to advise on a possible bid forthe general insurance arm of the Co-operative Group, a sourcefamiliar with the process said.
The group, which has already sold its life insurance andsavings business, expects to sell its general insurance businessduring 2014.
Legal & General, Goldman Sachs and the Co-op declined tocomment.
The Co-op group is battling a capital shortfall at its bankand scandal over alleged drug-taking by its former chairman.
Earlier on Thursday it appointed ex-Treasury minister PaulMyners to review its operations for a token one-pound salary.
Marks & Spencer (MKS)
Land Securities (LAND)
Legal & General (LGEN)