Lloyds sells £1bn worth of assets

Lloyds Banking Group sign
Lloyds Banking Group sign

Taxpayer-backed Lloyds Banking Group has sold more than £1 billion of investments it inherited from its disastrous takeover of HBOS as part of its drive to return its balance sheet to health.


It has agreed to sell a portfolio of 71 private equity related assets to a fund overseen by Coller Capital, an investor that specialises in such deals.
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