Levene Says New Lloyds CEO Could Speed Up Branch Deal, FT Says

NBNK Investments Plc Chairman Peter Levene said the appointment of Lloyds Banking Group Plc’s new Chief Executive Officer Antonio Horta-Osorio could expedite discussions about NBNK’s possible purchase of 600 Lloyds branches and a deal could be agreed by the end of the year, the Financial Times reported, citing an interview.

Levene doesn’t think “there’ll be a long list of bidders” for the branches, the newspaper also reported.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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