According to Sky News, L&G has instructed Fenchurch Advisory Partners to sell its general insurance business. This is a small business unit that has no significant impact on the insurer’s operating earnings. The revealed valuation matches our figures. However, this sale may be difficult to achieve, as the general insurance market remains tough.
13 Dec 2018
Another non-core business to sell
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Another non-core business to sell
Legal & General Group Plc (LGEN:LON) | 244 -1 (-0.2%) | Mkt Cap: 14,602m
- Published:
13 Dec 2018 -
Author:
Bassem Neifer -
Pages:
2
According to Sky News, L&G has instructed Fenchurch Advisory Partners to sell its general insurance business. This is a small business unit that has no significant impact on the insurer’s operating earnings. The revealed valuation matches our figures. However, this sale may be difficult to achieve, as the general insurance market remains tough.