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Lloyds unit in talks to buy CPA Global

Source: Reuters - Mon 26th Oct 2009

Lloyds Banking Group's private equity unit LDC is in talks to acquire legal outsourcing company CPA Global for 400 million pounds, the Financial Times reported on Monday.

A spokesman for Lloyds declined to comment on the report, which did not cite sources.

A CPA Global spokesman declined to comment on market rumours.

He added that CPA Global was speaking with a number of potential investors, without giving further details.

The Financial Times said apart from LDC there was a further suitor for CPA Global with final bids due next month.

CPA Global, which is based in Jersey in the Channel Islands, offers a range of general legal and intellectual property support services.

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