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AUSTRALIA,UNITED KINGDOM : Lloyds sets deadline for the sale of 632 retail branches
Publish Date : 13-Jul-2011
To maintain rapid pace of disposal plan Lloyds Banking Group has called for first bids for the 632 branches it has put up for sale.
The taxpayer-backed bank aims to identify a preferred bidder as soon as possible. The disposal was enforced by the European Union as part of the agreement concerning the £20bn the bank received from the government during the financial crisis.
Virgin Money has expressed an interest in both Lloyds and Northern Rock, which the Government is looking to sell.
