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LLOY Lloyds Banking Group Plc

50.92
-0.08 (-0.16%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -0.16% 50.92 50.86 50.90 51.08 50.20 50.70 140,525,532 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.92 32.33B

ITV Buys Production Group Twofour in Deal Worth Up to GBP280 Million

24/06/2015 12:51pm

Dow Jones News


Lloyds Banking (LSE:LLOY)
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By Rory Gallivan

LONDON--U.K. broadcaster ITV PLC (ITV.LN) is buying the TV production company behind shows including Educating Yorkshire and Posh Pawn from Lloyds Banking Group PLC's (LLOY.LN) private-equity arm in a deal worth up to 280 million pounds ($440 million).

ITV said Wednesday that it will pay LDC GBP55 million for a 75% stake in Twofour group, with an option to acquire the remaining quarter.

The deal also includes the option to acquire the remaining 49% that Twofour doesn't own in drama-focused TV production group Mainstreet Pictures.

"The total maximum consideration for Twofour and the remaining 49% of Mainstreet is GBP280 million with contingent payments dependent on both businesses delivering exceptional profit growth to GBP60 million in aggregate over the payment period," ITV said.

At 1111 GMT, ITV's shares were down a penny, or 0.26%, at 273 pence, valuing the company at GBP10.99 billion.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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