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Lloyds Banking Sells German Insurance Business

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Publish date: Wed, 21 Aug 2013, 07:15 AM
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From Liston Street Pulse:

United Kingdom's state-owned Lloyds Banking Group (LYG) announced on Wednesday that is sold its German life insurance business, Heidelberger Leben to a joint venture between Hannover Re and private equity firm, Cinven in deal estimated at about 300 million euro or $403 million. Lloyds said that it will use these proceeds for general corporate purposes. […]

The post Lloyds Banking Sells German Insurance Business appeared first on Liston Street Pulse.

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