Lloyds Selling Scottish Widows
Published / Last Updated on 25/04/2011
Lloyds Selling Scottish Widows.
As part of a review by Lloyds Bank, they are looking to sell Scottish Widows, to enable them to focus more on core banking services. Scottish Widows is expected to be priced between £5bn and £7bn. It is though that Resolution is a favourite to acquire Scottish Widows.
It is also thought that Lloyds is considering selling Scottish Widows’ investment arm, Scottish Widows Investment Partnership, again with Resolution being a possible buyer.