Lloyds Advances 3 Verde Bidders to Second Round, Telegraph Says
Lloyds Banking Group Plc (LLOY) took all three confirmed bidders for the 632 branches it’s selling as part of an operation called Project Verde to the second round, the Sunday Telegraph said, without saying where it got the information.
NBNK Investments Plc (NBNK), Co-Operative Financial Services Ltd. and Hugh Osmond’s Sun Capital Partners Ltd. will this week receive detailed trading and operating data from the branches, the newspaper said. The branches are expected to sell for 2.5 billion pounds ($4.1 billion) to 3 billion pounds and a deadline for the second round was set for Sept. 30, it reported.
A spokeswoman for Lloyds declined to comment when contacted by telephone today.
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