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

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Lloyds Banking Group PLC : Lloyds Plans to Sell £1.2 Billion of Distressed Debt

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11/23/2012 | 03:16am CEST

Lloyds Banking Group PLC (LLOY.LN) plans to sell 1.2 billion pounds ($1.9 billion) of distressed mortgages tied to European real estate, the Financial Times reported Thursday on its website, without directly citing a source.

Lloyds has approached possible buyers about a portfolio of German commercial property mortgages with a face value of 850 million euros ($1.1 billion) to EUR900 million as part of a sale process referred to internally as Project Chamonix, the report said.

Separately, the bank is believed to be preparing to sell GBP500 million of non-performing U.K. property loans, the report said.

Lloyds declined to comment on either sale, the report said.

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Financials ( GBP)
Sales 2017 17 762 M
EBIT 2017 8 520 M
Net income 2017 3 974 M
Debt 2017 -
Yield 2017 5,79%
P/E ratio 2017 11,49
P/E ratio 2018 10,56
Capi. / Sales 2017 2,59x
Capi. / Sales 2018 2,54x
Capitalization 45 999 M
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Lloyds Banking Group PLC Technical Analysis Chart | LLOY | GB0008706128 | 4-Traders
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Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 0,73  GBP
Spread / Average Target 13%
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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
Anthony Watson Senior Independent Non-Executive Director
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