Deals
Lloyds Said to Study Sale of Unprofitable Business in Australia
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Lloyds Banking Group Plc, Britain’s biggest mortgage lender, is studying a sale of its unprofitable Australian business, two people with knowledge of the matter said.
Lloyds is working with Goldman Sachs Group Inc. on the possible sale of Lloyds International Pty, which includes the Capital Finance and BOS International units, said the people, asking not to be identified as the details are private.