10th Sep 2014 05:46
LONDON (Alliance News) - Lloyds Banking Group PLC said Tuesday it has sold its interest in Doncaster-based homebuilder and social housing provider Keepmoat.
"The sale sees us successfully exit our equity position on Keepmoat, having been a lender to the company for nearly a decade. We are also pleased that we will continue to support them with banking facilities going forward, as they look towards the next stage of their development," Lloyds Bank Commercial Banking told Alliance News in a statement.
Lloyds sold Keepmoat to Sun Capital and TDR Capital, two private equity groups, for an enterprise value - equity plus net debt - of about GBP400.0 million, the Financial Times reported.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Lloyds