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[1/3]Lloyds Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing Rights
Sept 1 (Reuters) – Britain’s Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over the Very Group, an online retailer and financial services provider, the Financial Times reported on Friday.
The British lender holds a guarantee in the overseas holding companies controlling the Very Group that is linked to the distressed debt behind the Telegraph, the report said, citing people with knowledge of the discussions.
Llyods, Carlyle, Very Group, and the Barclay family could not be immediately reached by Reuters for comment.
Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.
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