Lloyds Banking Group Shows Interest in Tesco Bank, Bloomberg Reports

--Lloyds Banking Group is said to be interested in making an offer for Tesco's banking branch, Bloomberg reports, citing unnamed sources.

--Talks between the lender and the British retailer are at an early stage and there isn't any certainty on whether the parties will proceed toward a formal offer, according to Bloomberg.

--The U.K. domestic bank is one of several potential suitors interested in a deal for Tesco Bank, Bloomberg reports. Reuters reported earlier this month that Barclays was considering an acquisition and had submitted an indicative bid.

--Lloyds Banking Group declined to comment while Tesco wasn't immediately available when contacted by Dow Jones Newswires.

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Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

November 30, 2023 09:03 ET (14:03 GMT)

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