Bloomberg News

NBNK Plans to Renew Bid for Lloyds Branches, Sunday Times Says

April 01, 2012

NBNK Investments Plc (NBNK) plans to re- enter the competition to acquire more than 600 Lloyds Banking Group Plc (LLOY) branches, the Sunday Times reported, citing unidentified people.

Co-Operative Bank Plc’s exclusivity in negotiating with Lloyds to buy the branches expired yesterday, the newspaper reported. The talks with Co-Op have also been faltering, the Sunday Times said.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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