Sun Capital Vies for Lloyds Branches

Sun Capital Partners, NBNK Investments and The Co-Operative Group's banking arm are vying for 630 Lloyds branches in a deal that could fetch as much as 2.5 billion pounds ($4.1 billion), Reuters reported. European regulators are forcing Lloyds to sell the branches as payback for having accepted a government bailout during the credit crisis, Reuters wrote. Following the government bailout, Britain ended up with a roughly 40% stake in Lloyds.

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