Lloyds Banking Group : Lloyds offloads private equity unit
Finance Monday, July 5th, 2010
LONDON, July 5 (Reuters) – Bailed-out lender Lloyds Banking Group (LLOY.L) has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities. Lloyds will get 332 million pounds ($513.5 million) in cash for transferring the 40 investments held by [...]