Lloyds branches sale to Co-op fails

Press Association



Lloyds Banking Group
Lloyds Banking Group

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has collapsed.


Part-nationalised Lloyds, which is being forced by Europe to sell the branches after its £20 billion taxpayer bailout during the financial crisis, will instead pursue a stock market flotation for the division this summer.
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