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Ship Finance - Lloyds failed to sell $10 bln shipping book in one go
25-01-2012
Lloyds Banking Group is unlikely to sell its $10 billion portfolio of shipping loans to a single buyer and aims to parcel up loans for sale as European banks continue to retreat from the maritime sector, industry sources say.
Lloyds, 41 percent owned by the UK government, has held talks in the past year to sell its shipping finance book but not reached any deal. A single deal is now unlikely, but the bank is looking to sell blocks of the loans to single buyers, ship industry and banking sources... Read more by following below external link...
Lloyds, 41 percent owned by the UK government, has held talks in the past year to sell its shipping finance book but not reached any deal. A single deal is now unlikely, but the bank is looking to sell blocks of the loans to single buyers, ship industry and banking sources... Read more by following below external link...