A $1.76 billion dollar sale is expected to occur when it was announced that the well-known UK bank, Lloyds will sell its Goldfish credit card business to the American company Morgan Stanley.
This sale is expected to increase Morgan Stanley’s European accounts by more than 47 percent.
The Chairman of Morgan Stanley, David Walker, was pleased with the company’s new acquisition: “This acquisition is consistent with Morgan Stanley's stated strategy of growing our international business by taking opportunities for bolt-on acquisitions and further underscores our increasing resource commitment to the UK and Europe," he stated.
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