Lloyds Banking Group gets European approval for disposal plan. lloyds plan has been on the works for a long while costing millions of dollars in preparing it for the approval and the hard work finally paid off (lol).
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Lloyds gets European approval for disposal plan
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Lloyds Banking Group has edged higher after the European Commission cleared its disposal plans in return for the billions of pounds of state aid it has received.
Lloyds, 43% owned by the UK government, will sell 600 branches, the TSB brand, its internet unit Intelligent Finance as well as some non-core businesses and the riskier portfolios inherited with its HBOS acquisition. Lloyds shares are up 0.1p to 91.1p on the news.
Tags: approval, banking, Disposal, European, Lloyds, plan