Lloyd's to sell German insurer

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Lloyd's to sell German insurer

Wochit 0:57 mins

According to a report, British banking group Lloyds is set to sell its German insurance business to Frankfurt-listed insurer Hannover Re for 400 million euros as it continues to streamline its business, General Motors and German retailer Metro AG reopened facilities in Egypt while Electrolux extended plant closures until security stabilizes. Electrolux, the world's second-biggest home appliances has nearly 7K employees in Egypt. Alibaba Group is in talks with the Hong Kong Stock Exchange over an ownership-structure that would allow the company to list its shares while enabling Jack Ma and his management-team to maintain control.

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