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.
Legal & General (LGEN)
Allianz Ord (0M6S)
