Lloyds’ Australian Asset Sale Attracts Four Bidders


News: London-based Lloyds Banking Group ' s disposal of its assets in Australia as attracted at least four buyers in final binding offers, according to unnamed source cited by Bloomberg. Sources claimed that partly state-owned Lloyds had pulled in binding offers from institutions including Westpac , Macquarie Group , Pepper Australia and Australia and New Zealand Banking Group . Lloyds is looking to offload almost AUD9bn (US$8.43bn) in assets in the country, with bids due by the end of September 2013.

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Geography: Australia

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