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January 27, 2010updated 12 Apr 2017 4:27pm

Deutsche and Lloyds to keep Porterbrook (Free)

Deutsche Bank and Lloyds Banking Group might reconsider selling their stakes in Porterbrook Leasing, it has been reported. Citing sources familiar with negotiations, Financial News magazine said that the two banking groups have opted for not selling their shares in the UK train leasing company.

By Antonio Fabrizio

Deutsche Bank and Lloyds Banking Group might reconsider selling their stakes in Porterbrook Leasing, it has been reported.

Citing sources familiar with negotiations, Financial News magazine said that the two banking groups have opted for not selling their shares in the UK train leasing company.

It is understood that the two banks were considering the sale less than one year after forming the consortium that bought Porterbrook from Abbey, back in December 2008.

BNP Paribas-owned Antin Infrastructure, Deutsche Bank and Lloyds TSB all have shares in the lessor. In December 2009, Deutsche Bank sold 10 percent of its shares to Antin. It now owns 40 percent of Porterbrook.

Antonio Fabrizio

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