British group Legal & General is reportedly looking for buyers for its private-banking and insurance divisions in France.
The sale process is now in its final stages, Bloomberg reported citing undisclosed sources. The firm is being advised by Lazard on the sales process.
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According to a report by French newspaper Les Echos, the business is expected to fetch Legal & General between EUR150m to EUR200m.
The latest move comes as the firm looks to cut down its smaller operations. In May, the firm unveiled its strategy to de-clutter its business model in a bid to reap savings of nearly £80m ($124 m) and lower costs to almost £1.2bn.
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