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Peter Mandelson gives regulatory clearance to Lloyds TSB merger with HBOS.

Publication: M2 Presswire
Publication Date: 31-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 October 2008-Department for Business, Enterprise and Regulatory Reform: Peter Mandelson gives regulatory clearance to Lloyds TSB merger with HBOS(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31102008

Secretary of State for Business Peter Mandelson has today given regulatory clearance to the merger of Lloyds TSB and HBOS plc after concluding that the merger is in the public interest.

Lord Mandelson will not refer the proposed merger to the Competition Commission for further investigation, as the possible anti-competitive effects identified by the Office...

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