Britain's Lloyds awards 30 bln stg investment contract to Blackrock

Published:Friday, October 12, 2018
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britains-lloyds-awards-30-bln-stg-investment-contract-to-blackrock

LONDON (Reuters) - Lloyds Banking Group-owned (LLOY.L) Scottish Widows said on Friday it had awarded a 30 billion pounds ($39.74 billion)investment contract to Blackrock (BLK.N), the world’s biggest asset manager.

A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

The group said it is near to finalizing management arrangements for a further 80 billion pounds in assets and would update the market in due course.

Reporting by Simon Jessop; editing by Lawrence White

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