NBNK Investments plans to make a fresh approach to Lloyds Banking Group’s board this week for the Project Verde portfolio.
The move comes as talks are faltering with the Co-operative Group, preferred bidder for the branches that the European Commission has forced the bank to sell. The Co-op’s period of exclusivity ended on Saturday, sources close to Lloyds confirmed to The Sunday Times. The bank, however, will continue to push for a deal with the mutual. The Mail on Sunday reports that Lloyds said the Co-op was still the preferred bidder.
01/04/12 Sunday Times (Business) 2
Mail on Sunday 68
Observer 33
