|
|
Article: HBOS owned stakes in businesses for sale.
- Article from:
- Europe Intelligence Wire
- Article date:
- May 26, 2009
CopyrightCOPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(From Banking Newslink)
Lloyds Banking has appointed UBS to see if it can find buyers for the equity stakes and possibly for the debt as well. The stakes were built up by the HBOS Integrated Finance unit. The unit specialised in deals whereby the bank would take an equity stake and provide debt simultaneously. It is now clsoed for new business.
The unit does not include the property and construction finance which was handled separately. There have been high ...