Deals Rumor Mill: Lloyds, Alibaba, Carlyle

Law360, New York (August 19, 2013, 3:56 PM EDT) -- Lloyds Banking Group PLC is preparing to sell its German life insurance branch in keeping with a broad plan to narrow the bank's focus to its core British lending business, Bloomberg reported on Monday. A sale of Heidelberger Leben could net Lloyds roughly $533 million, and is expected to draw interest from German reinsurance mainstay Hanover Re. The British government, which infused Lloyds with cash a half-decade ago to save it from collapse, has pressured the lender to shed noncore units to help it pay down...
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