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    Lloyds ends exclusive Co-op talks

    Fri, 04/27/2012 - 08:28 EDT - BBCNews

    Lloyds Banking Group says it has ended its exclusivity agreement with the Co-operative Group over the sale of 632 bank branches.

    • Original article
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      Britain's state-rescued Lloyds Banking Group on Thursday said it had agreed to sell 632 branches to Co-operative Group that it was ordered to offload by EU competition regulators."Today's agreement is an important step in meeting our obligations under the mandated sale of our branches," LBG chief executive Antonio Horta-Osorio said of the sale worth an initial £350 million ($548 million, 446 million euros).

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