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Lloyds Banking Group PLC's Auction Reels In Macquarie Group Ltd, Pepper With Westpac Lurking-Reuters


Tuesday, 1 Oct 2013 05:45am EDT 

Reuters reported that Lloyds Banking Group PLC's international garage sale, Pepper Australia and Macquarie Group submitted competing bids for assets that the British bank is offloading in Australia as the auction drew to a close. Lloyd's is selling corporate loan, motor and equipment financing businesses in Australia with a face value of some AUD8.5 billion ($7.95 billion), people familiar with the process told Reuters. 

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