Lloyds Banking Group in talks to sell Clerical Medical unit to Resolution

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Lloyds Banking Group in talks to sell Clerical Medical unit to Resolution

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08-24-2009, 10:32 PM

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Lloyds Banking Group in talks to sell Clerical Medical unit to Resolution

Shares in Lloyds Banking Group rose today on the back of reports that it is in talks to offload its Clerical Medical Unit to Clive Cowdery’s Resolution for up to £4 billion. Lloyds acquired Clerical Medical when it bought HBOS last autumn. According to a source, the talks between the banking giant and Resolution [...]

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