By Sabela Ojea

 

Lloyds Banking Group PLC said Wednesday that it aims to buy Cavendish Online Ltd. for 12 million pounds ($14.4 million).

The FTSE 100 listed lender said that the acquisition of Cavendish Online--a U.K. protection business--is due to be completed in the last quarter of 2022.

"The acquisition of Cavendish Online will enable Lloyds Banking Group to better support existing Halifax, Lloyds Bank and Bank of Scotland customers' protection needs by providing advice and guidance at key moments," the bank said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

June 15, 2022 09:33 ET (13:33 GMT)

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