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BRIEF-Lloyds Banking Group sells UK real estate loans for 325 mln stg
May 10, 2013 / 6:11 AM / 4 years ago

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

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

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