Clifford Chance and Allen & Overy advise as Allianz buys £500m stake in UK insurer LV=

German insurance giant signs joint venture deal with LV= to create the UK's third largest personal insurer

Magic circle duo Clifford Chance (CC) and Allen & Overy (A&O) are advising as German insurance giant Allianz strikes a joint venture deal with LV=.

Allianz will pay £500m for a 49% stake in the UK insurance company’s general insurance business, valued at just over £1bn.

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