Britain announced that it would sell its stake in Lloyds Banking Group priced at least GBP0.50 a share.
Lloyds Banking Group
Lloyds Banking Group agreed on a sale of its loan asset portfolio from its BOS International Australia unit to Bain Capital's Sankaty Advisors.
Lloyds Banking Group announced its sale of Heidelberger Leben for EUR 300 million to Cinven and Hannover RE.
Hannover Re said it was in talks with Lloyd's Banking Group-owned Heidelberger Leben for a possible purchase of a minority stake.
According to sources, Lloyds Banking Group has prepared the sale of Heidelberger Leben to Hannover RE, following disposals of other businesses in the overseas market.
A newspaper reported that British bank Lloyds Banking Group received bids for its Australian businesses.
Sources told Reuters that Lloyd's Banking group is planning its exit from the Australian market.
Antonio Horta-Osorio said that they are ready for the sale of Britain's GBP20 billion stake in Lloyds Banking Group.
Sources said that Lloyds Banking Group was now considering offloading its lackluster Australian business units to other investors.
Britain would only consider pension funds and insurers for the sale of its Lloyds Banking Group stocks and would rebuff private equity and foreign funds.
Lloyds Banking Group shares set to be sold to retail investors
A Mervin Davies led investment group is showing interest to bid for part of the stake in Lloyd's Banking Group
Temasek Holdings denies approaching the UK government for its Lloyd Banking Group shareholdings.
Lloyds planned to sell its stocks amidst talk of investor boycott.
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
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