Friday, Oct 16, 2009

Lloyds to Sell Halifax Estate Agents for £10m

E1 News: Lloyds to Sell Halifax Estate Agents for £10m

LSL Property Services – the leading UK estate and surveying agency – recently announced that it has started negotiations with the Lloyds Banking Group, which are associated with a possible acquisition of Halifax Estate Agents. Halifax Estate Agents is British 5th largest network of estate agencies, which consists of 218 offices. Yet, according to the speculations, the Lloyds Banking Group, plans to sell the business chain because it, being non-core to Lloyds’ operations, distracts the company from its major activity. Moreover, Halifax Estate Agents was hit hard by the economic downturn in the past 2 years and is not expected to expand further.

Posted by uch1405 @ 12:06 PM (932 views)
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3 Comments

1. sybil13 said...

Bit different from BBC version where they are sold for £1

http://news.bbc.co.uk/2/hi/business/8310072.stm

Friday, October 16, 2009 02:09PM Report Comment
 

2. cyril said...

its easy to get the decimal point in the wrong place

Friday, October 16, 2009 02:41PM Report Comment
 

3. Mr Cobblepot said...

Everyone else in the world reports £1, but not the VI groups.

Sold for £1 and that is a pound more than its worth. Dont forget this is a Buy to Let website, so best to inflate the price, dont want to ring any alarm bells do we.

Friday, October 16, 2009 05:13PM Report Comment
 

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