real-time news and commentary for investors
Monday, Sep 30
Report: Macquarie bids for Lloyds Aussie assets
- Final bids for the roughly $8.4B in "Project Carey" assets were due today, according to sources. Being sold are Lloyds' (LYG) Australian commercial-lending and asset finance units, along with their portfolios of loans.
- ANZ Bank dropped out of the bidding, but Macquarie is apparently in.
- Lloyds has been busy jettisoning non-core operations in order to build capital, and now has the U.K. government beginning to sell its 39% stake.