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

Feb. 1 (Bloomberg) -- 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.