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Lloyds and Grainger set to do business
Lloyds Banking Group is eyeing a deal with the UK's largest-listed housing landlord, Grainger, aimed at restoring the value of the bank's housing portfolio which was hit hard by the credit crisis.
A Lloyds spokesman said Grainger had been picked as the group's preferred supplier for its "residential property asset management platform".
The likely deal between the two companies will see Grainger manage a portfolio of homes on behalf of administrators for housing groups that had been backed by Lloyds.
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Friday 25 May 2012
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