Lloyds Banking Group Shows Interest in Tesco Bank, Bloomberg Reports
30 Novembro 2023 - 11:18AM
Dow Jones News
--Lloyds Banking Group is said to be interested in making an
offer for Tesco's banking branch, Bloomberg reports, citing unnamed
sources.
--Talks between the lender and the British retailer are at an
early stage and there isn't any certainty on whether the parties
will proceed toward a formal offer, according to Bloomberg.
--The U.K. domestic bank is one of several potential suitors
interested in a deal for Tesco Bank, Bloomberg reports. Reuters
reported earlier this month that Barclays was considering an
acquisition and had submitted an indicative bid.
--Lloyds Banking Group declined to comment while Tesco wasn't
immediately available when contacted by Dow Jones Newswires.
Full story: https://tinyurl.com/2285p6w5
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 30, 2023 09:03 ET (14:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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