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  - 06/27 04:43:25 pm
51.63 GBp   -9.42%
01:26pDJU. K. 10-Year Gilt Yields Falls Below 1%
10:54a LLOYDS BANKING : *exane bnp cuts lloyds price target to 55 (70) penc..
09:53a LLOYDS BANKING : *socgen cuts lloyds price target to 70 (98) pence -..
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
01:26pDJU. K. 10-Year Gilt Yields Falls Below 1%
10:54a LLOYDS BANKING : *exane bnp cuts lloyds price target to 55 (70) pence - 'underpe..
09:53a LLOYDS BANKING : *socgen cuts lloyds price target to 70 (98) pence - 'buy'
09:36a LLOYDS BANKING : *deutsche bank cuts lloyds price target to 63 (78) pence - 'buy..
08:05a LLOYDS BANKING : *barclays cuts lloyds to 'equal weight' (overweight) - price ta..
06:56a *TRADERS : Barclays cuts lloyds to 'equal weight' (overweight)
05:10a *TRADERS : Jpmorgan cuts lloyds to 'neutral' (overweight) - price target 65 (90)..
06/25 LLOYDS BANKING : EDM Group Ranked First in Britain’s Sunday Times HSBC Int..
06/24 LLOYDS BANKING : Young Scots are savers
06/24 LLOYDS BANKING : Business show at Blues ground
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials