MPs’ report condemns plans to sell LV= to US private equity firm
By Alvarez in Business
Updated 3 years ago
A highly critical parliamentary report has condemned plans to sell one of the UK’s biggest mutual insurers to a US private equity group. The report by the all-party parliamentary group (APPG) for mutuals said that leaders of Liverpool Victoria Financial Services (LV=) had failed to be open or transparent with owner-members, who will vote on the £530m takeover.