Lloyds branch sale falls through as Co-op walks away

Project Verde, the name given to the planned sale of 630 Lloyds branches to the Co-Operative, is to seek a stock market flotation after the latter walked away from the deal.

Project Verde, the name given to the planned sale of 630 Lloyds branches to the Co-Operative, is to seek a stock market flotation after the latter walked away from the deal.

Lloyds announced on Wednesday morning that despite the commitment of both parties to the transaction, the Co-op board has decided that they could no longer go through with the purchase of the Verde business.

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