Threadneedle To Acquire £8B LVAM
Threadneedle is seeking to take over Liverpool Victoria’s £8 billion investment unit LV= Asset Management.
Threadneedle is seeking to take over Liverpool Victoria’s £8 billion investment unit LV= Asset Management (LVAM), Financial Times reports. The Bournemouth-based firm is offloading its asset management business to focus on general insurance and life assurance products.
The medium term contract will allow LV= to replace London-based Threadneedle with another asset manager after a number of years. The deal will increase Threadneedle’s assets under management to nearly £75 billion.
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