NBNK’s Latest Bid for Lloyds About 2 Billion Pounds, FT Says
Lloyds Banking Group Plc (LLOY) received a 2 billion pound ($3.3 billion) bid from NBNK Investments Plc. (NBNK) for some of its branches, which would include cash or new shares for the mortgage lender’s investors, the Financial Times reported, without saying where it got the information.
Lloyd’s spurned NBNK’s 1.5 billion-pound offer to buy the branches last year.
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