Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group PLC    LLOY   GB0008706128

Delayed Quote. Delayed  - 05/26 05:35:08 pm
72.81 GBp   -1.26%
05/25 LLOYDS BANKING : Zoo Miami's 18-year-old Komodo dragon 'Khaos' dies
05/25 LLOYDS BANKING : Athlete of the week
05/25 LLOYDS BANKING : Guide School
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Lloyds Banking Group PLC : Lloyds Banking Sells Operations in Uruguay for Undisclosed Sum

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/07/2012 | 04:21pm CEST

LONDON--Lloyds Banking Group PLC (LLOY.LN), which is 41% owned by the U.K. Government, said Friday it is selling its Uruguayan retail, commercial and corporate banking operations, which currently operate as a branch of Lloyds TSB Bank PLC, to Banque Heritage (Uruguay) S.A. for an undisclosed sum.

MAIN FACTS:

-Total assets subject to the transaction total 261 million pounds as of Dec. 31, 2011.

-Group's representative office in Uruguay is not included within this transaction.

-Transaction is in line with the Group's strategy of reducing its international presence and the effect of the sale on the Group isn't expected to be material.

-Transaction is subject to a number of conditions, including regulatory approval, and is expected to complete in 2013.

-Shares at 1400 GMT up 1 pence, or 2.02%, at 37 pence valuing the company at GBP25.46 billion.

-Write to Ian Walker at ian.walker@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on LLOYDS BANKING GROUP PLC
05/26 LLOYDS BANKING : passes break-even price
05/25 LLOYDS BANKING : share price passes 73.6p for first time this year
05/25 LLOYDS BANKING : Zoo Miami's 18-year-old Komodo dragon 'Khaos' dies
05/25 LLOYDS BANKING : Bayonne Soup Kitchen
05/25 LLOYDS BANKING : Athlete of the week
05/25 LLOYDS BANKING : Guide School
05/25 LLOYDS BANKING : Zoo Miami's Komodo dragon that once appeared with David Letterm..
05/24 LLOYDS BANKING : Distillers given Pounds 60m funding for growth
05/24 LLOYDS BANKING : *deutsche bank cuts lloyds price target to 78 (79) pence - 'buy..
05/24DJBanks Dealt Blow In Libor Lawsuits -- WSJ
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials