Lloyds sells $1.65 billion private equity portfolio
August 15 , 2012
Lloyds Banking Group is to sell a $1.65 billion portfolio of private equity investments to Coller International Partners.
The move comes as it continues to offload riskier assets following a 2008 bailout.
The deal also includes the transfer of undrawn commitments that are expected to be worth nearly $345 million at completion.
The transaction is due to be completed in the fourth quarter.