Lloyds' assets attract multiple bids

10/1/2013 | Sydney Morning Herald (Australia), The

An offering from Lloyds Banking Group of assets valued at nearly $1 billion has attracted bids from Macquarie Group and a group led by nonbank lender Pepper Australia, sources say. As part of a restructuring effort, Lloyds reportedly is looking to sell Lloyds' BOS International corporate loans business and its Capital Finance motor and equipment finance business.

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Sydney Morning Herald (Australia), The