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  • Reuters - UK Focus3 years ago

    Lloyds to launch partial sale of TSB next week

    * Lloyds had first mooted a sale of up to 50 pct * Lloyds must sell TSB by end of 2015 * JP Morgan (Other OTC: JPYYL - news) , Citi leading IPO LONDON, May 22 (Reuters) - Lloyds Banking Group will next week launch the sale of about 25 percent of its TSB business via a stock market flotation with the pricing expected to be below book value, banking industry sources told Reuters.

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