Lloyds sell 632 branches to Co-op

Lloyds Banking Group has reached agreement to sell 632 branches to the Co-operative Group in a deal worth up to £750m (€955m).

Thu, 19 Jul, 2012 - 10:23

Lloyds Banking Group has reached agreement to sell 632 branches to the Co-operative Group in a deal worth up to £750m (€955m).

The part-nationalised bank, which is offloading the branches to meet European Union rules on state aid following its Government bailout, hopes to complete the sale by the end of November next year.

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CourtsHeathrowOrganisation: LloydsOrganisation: Co-opOrganisation: Lloyds Banking GroupOrganisation: Co-operative GroupOrganisation: European UnionOrganisation: Co-operativeOrganisation: Treasury
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