Lloyds to Place 97.7 Million Shares in Life Aberdeen
June 07 2018 - 12:29PM
Dow Jones News
By Dimitrios Kontos
Lloyds Banking Group PLC (LLOY.LN) will place approximately 97.7
million shares in Standard Life Aberdeen PLC (SLA.LN) via an
accelerated bookbuild, BofA Merrill Lynch said Thursday.
The shares represent about 3.3% of the Edinburgh-headquartered
insurance company's share capital, said Merrill Lynch, which is
acting as the sole bookrunner.
The offer price and the final number of shares to be sold will
be agreed at the close of the bookbuild process, the bookrunner
said.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
June 07, 2018 12:14 ET (16:14 GMT)
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