Nov. 23 (Bloomberg) -- Lloyds Banking Group Plc said it will “take forward” discussions from two bidders for the 632 branches it is selling to comply with European Union state-aid rules.
“We will now move quickly in parallel talks with each bidder,” Lloyds’s interim Chief Executive Officer and Finance Director Tim Tookey said in a statement today.
Lloyds is continuing to work on an initial public offering for the branches as a potential alternative to the direct sale, the bank said.
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