Lloyds eyes sale of insurance firm

Press Association
Updated
Lloyds Banking Group
Lloyds Banking Group

Lloyds Banking Group is reported to be lining up the cut-price sale of a German insurance business as it looks to slim down its international presence.

The expected sale price of 400 million euro (£341 million) for Heidelberger Leben represents less than half the price Lloyds had originally been hoping to achieve, the Sunday Telegraph reported.
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