Macquarie Said to Make Bid for Lloyds’s Australian Assets
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Macquarie Group Ltd., Australia’s largest investment bank, bid for Lloyds Banking Group Plc’s Australian assets, said a person with knowledge of the matter, who asked not to be named as the process is confidential.
A consortium led by Pepper Australia Pty, a non-bank lender, also made a bid, another person said. Final binding offers for the close to A$9 billion ($8.4 billion) in assets were due yesterday, people with knowledge of the transaction said last month. The sale includes Lloyds’s Capital Finance unit and corporate loans valued at more than A$2 billion, they said.