Cerberus Pays $421M For Lloyds RE Loan Portfolio
Lloyds sold the portfolio of loans, which have gross assets of £371 million, to Cerberus Institutional Partners V LP and Cerberus International II Master Fund LP. The assets generated a £4 million profit in 2012, Lloyds said.
The divestment is part of Lloyds' long-term strategy to reduce...
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