Lloyds nears deal to sell loan portfolio, DJ reports

theflyonthewall.com

Lloyds (LYG) is close to selling a portfolio of loans and shares in troubled companies acquired during the credit crisis as part of its deal to rescue HBOS, Dow Jones reports, citing the Sunday Times. "Project Lundy" consists of 40 assets, and bidders including Centerbridge Partners, Lone Star Capital and Electra have moved into a second bidding round.

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