Co-operative bank clinches deal for 632 Lloyds branches
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Co-operative bank clinches deal for 632 Lloyds branches

Brussels : Belgium | Jul 18, 2012 at 2:53 PM PDT
Source: Guardian Unlimited
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PhotoEdit/Alamy Lloyds Banking Group is poised to announce a formal agreement to sell 632 branches to the Co-op in a move that will create a new competitor on the high street but raise questions about the price that the bailed-out bank achieved for the branches. FULL ARTICLE AT Guardian Unlimited
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A customer leaves a Barclays bank branch in London
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  • Lloyds Banking Group agrees terms to sell branches

    Associated Press
    Lloyds Banking Group says it has reached a preliminary agreement to sell 632 branches to the Co-operative Group. Lloyds was ordered to dispose of part of its branch network to comply with the European Commission's terms for receiving a government...
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    Lloyds Banking Group agrees "heads of terms" for the sale of 632 branches to the Co-op Group. When the deal is completed by November 2013 the Co-op will have 7% of the UK retail banking current account market. The deal concludes a protracted sale...

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