Deals
Lloyds Sells Its Remaining Stake in St. James’s Place
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Lloyds Banking Group Plc, Britain’s largest mortgage lender, sold its remaining stake in St. James’s Place Plc for about 680 million pounds ($1.1 billion) as it focuses on its main retail and commercial businesses.
Bank of America Corp. placed the shares at 630 pence apiece, the London-based bank said in an e-mailed statement today. They were offered between 625 pence and 630 pence, said two people ahead of the announcement who asked not to be identified because the information wasn’t public yet.