Lloyds: sells remaining stake in Standard Life Aberdeen
(CercleFinance.com) - Lloyds Banking Group has sold its remaining stake of approximately 3.
3% in Standard Life Aberdeen for 344 million pounds, the bank said in a statement on Friday.
BofA Merrill Lynch acted as sole bookrunner for the transaction, an accelerated bookbuild offered by way of a placement to institutional investors.
Lloyds shares were down 1.1% on the news Friday, while Standard Life Aberdeen dropped over 3.6%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3% in Standard Life Aberdeen for 344 million pounds, the bank said in a statement on Friday.
BofA Merrill Lynch acted as sole bookrunner for the transaction, an accelerated bookbuild offered by way of a placement to institutional investors.
Lloyds shares were down 1.1% on the news Friday, while Standard Life Aberdeen dropped over 3.6%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.