Lloyds plans to sell its unit for 332 million pounds

Lloyds traded with Coller

In brief: Another grand bargain is in the UK - Lloyds Banking Group sells assets.

Lloyds Banking Group, 41% of the shares of which belong to the British government intends to sell the investment division of Bank of Scotland Integrated Finance to private equity firm Coller Capital for 332 million pounds ($ 504 million).

It is reported that Lloyds will receive about 30% in the new joint venture called Cavendish Square Partners and the estimated cost of 480 million pounds.

Ukrainian Globalist
2010-07-05 22:42, Commodities.

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