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PRESS: Allianz In Talks To Buy Legal & General Home Insurance Unit

Mon, 29th Apr 2019 18:22

LONDON (Alliance News) - German insurance giant Allianz SE is in talks to buy FTSE 100-listed Legal & General Group PLC's home insurance business, Sky News reported Monday.

According to Sky, Allianz is in exclusive talks to buy the unit, which L&G put up for sale at the end of 2018.

Citing a source close to the bidder, Sky said a deal is thought to be close.

Analysts have priced the unit at between GBP250 million and GBP350 million.

https://news.sky.com/story/germans-swoop-to-give-new-home-to-l-g-insurance-arm-11706919

Shares in Legal & General closed 0.8% higher Monday at 279.50 pence each.

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