Lloyds Says Scottish Widows Isn't For Sale, Denies PE Bid
The overture reportedly came from Edmund Truell, the founder of buyout firm Duke Street LLP, who is currently bringing his new £500 million ($810 million) acquisition vehicle, called Tungsten, to market.
But Lloyds, which is 40 percent owned by taxpayers after a 2008 bailout, said Scottish Widows...
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