F1 – Lloyds TSB sell stake in Marussia F1 after £46.3million loss

Formula One News » F1 – Lloyds TSB sell stake in Marussia F1 after £46.3million loss

Lloyds banking group has sold a 25.3% share in the Marussia F1 team after a reported £46.3 million loss.

A spokesman confirmed: “LDC has sold its minority shareholding in the Marussia F1 team to Marussia. While the details will remain undisclosed, the terms of the transaction will enable LDC to recoup the full value of its investment in the business.”



One Comment

  1. Andrew
    Posted 22/04/2013 at 16:29 | Permalink

    It is ashame for Marussia to lose this level of investment but reassuring for Lloyds customers and the share owned by the taxpayer that Llods investment division are beginning to show a bit of commonsense,. Better late than never!

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