Lone Star, Cerberus secure finance for Project Royal bid - report

By A staff reporter 2011-11-23T00:00:00

Private equity firms Lone Star, Cerberus Capital Management and Colony Capital are reportedly leading the race to buy Lloyds' £1bn Project Royal loan portfolio, according to a news report in UK magazine Costar. The deadline for the second round of bids is said to be November 28.

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