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

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

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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

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Financials ( GBP)
Sales 2017 18 279 M
EBIT 2017 8 739 M
Net income 2017 3 683 M
Debt 2017 -
Yield 2017 6,14%
P/E ratio 2017 12,26
P/E ratio 2018 10,36
Capi. / Sales 2017 2,57x
Capi. / Sales 2018 2,55x
Capitalization 46 995 M
Chart LLOYDS BANKING GROUP
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Lloyds Banking Group Technical Analysis Chart | LLOY | GB0008706128 | 4-Traders
Technical analysis trends LLOYDS BANKING GROUP
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 0,74  GBP
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
António Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
Karin Cook Director-Group Operations
George Mark Culmer Chief Financial Officer & Executive Director
Anita Margaret Frew Deputy Chairman
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