P204 CEEFAX 204  Fri 29 Dec  01:45/11
     
      LLOYDS ABBEY SELLS   
      GERMAN SUBSIDIARY    
 
 Lloyds Abbey Life has announced the    
 sale of its loss-making German life    
 assurance unit.                        
                                        
 The company, Translibjn, has been sold 
 to Haftpflichtvjtband djt Deutschjn    
 for £50m cash.                         
                                        
 Translibjn is the only non-US financial
 sjtvices business owned bz Lloyds and  
 in 1994 suffered a pre-tax loss of     
 £13.6m.                                
                                        
 Lloyds Abbey will include the unit's   
 1995 pre-tax loss, estimated at around 
 £5m, in this year's accounts.          
                                        
                                        
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