BRIEF-Lloyds Banking Group sells UK real estate loans for 325 mln stg

LONDON Fri May 10, 2013 2:08am EDT

Related Topics

LONDON May 10 (Reuters) - Lloyds Banking Group PLC : * Sale of portfolio of UK commercial real estate loans to entity affiliated

with Cerberus * Sale of portfolio for cash consideration of £325 million. * Transaction is part of the group's continued non-core asset reduction * Gross assets subject to the transaction are £527 million * Sale proceeds will be used for general corporate purposes * Transaction is not expected to have a material impact on the group

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article