Lloyds looks to sell stakes to Coller led consortium
Lloyds Bank may be on the verge of selling its portfolio of equity investments, which includes a 29% stake in Vue Entertainment, to a private equity group headed by Coller Capital.
Vue was first sold in June 2006 via a management buyout team partnered with the Bank of Scotland. Lloyds later inherited Vue in 2008 when it acquired HBOS.
Lloyds is thought to be disposing of a number of non-core investments as it seeks to repay taxpayer loans provided by the UK Government at the height of the financial crisis.
Owned and operated by chief executive Tim Richards, Vue has over 600 cinemas throughout the UK and Ireland.
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