Lloyds deal to sell Verde branches in jeapordy, Daily Mail says

theflyonthewall.com

Lloyds' (LYG) agreement to sell its "Verde" group, including 632 branches, to Co-operative Group remains its "Plan A" but is taking much longer than expected and has been hampered by issues with the Co-op’s IT systems, according to The Daily Mail. Lloyds may have already sounded out alternative buyers and its most likely back-up plan for the assets remains a market flotation should the Co-op deal fall through, the report added.

View Comments (0)