LONDON, Dec 9 (Reuters) - Lloyds Banking Group saidon Monday it had agreed to sell a portfolio of British corporatereal estate loans to an entity affiliated with Cerberus EuropeanInvestments for 90 million pounds ($147 million) in cash.
The sale, part of the group's push to dispose of non-coreassets, is expected to complete by the end of 2013. The grossassets subject to the transaction were 147 million pounds, thebank said.
The proceeds will be used for general corporate purposes.The sale is not expected to have a material impact on the group.