Co_op Expansion Buys Lloyds Branches
Published / Last Updated on 14/12/2011
Co-op Expansion Buys Lloyds Branches.
The Co-operative Group has been named by Lloyds Banking Group as the preferred bidder for the 632 branches that the EU has told it to sell. Following the Government’s bailout of the bank, the EU told Lloyds it had to sell at least 600 of its branches.
Lloyds banking group are hoping to agree terms by the end of the first quarter of 2012. Other interested parties include Sun Capital and NBNK