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Lloyds chases 700 mln pounds in Kenmore investments-Times
By: AFX | 12 Nov 2009 | 08:08 PM ET
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LONDON, Nov 13 (Reuters) - Lloyds Banking Group has more than 700 million pounds ($1.2 billion) of debts and investments tied up in Kenmore Property, the Times newspaper reported on Friday. UK-based real estate investor Kenmore Property Group has placed 21 companies within the group into administration, and two others into receivership, administrator Grant Thornton said on Thursday. HBOS Plc, now part of Lloyds, is understood to have pumped at least 700 million pounds in loans and equity investments into Kenmore and its funds, the Times said, without citing any sources. The bank declined to comment, the newspaper reported. Calls from Reuters to Lloyds' press office after business hours were not answered early on Friday. (Editing by Gary Hill) Keywords: LLOYDS KENMORE/ (+44 207 542 4878, alex.lawler@reuters.com; Reuters Messaging: alex.lawler.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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