British bank Lloyds (LLOY.L) said it had sold truck leasing company Hill Hire to American group Ryder System Inc (R.N) for 151 million pounds ($247.3 million), as part of Lloyds' ongoing plan to dispose of non-core assets. Regulators have ordered Lloyds to sell off assets and trim its balance sheet after the bank had to be bailed out and part-nationalised by the British government during the credit crisis. ($1=.6105 Pound)
Ryder System, Inc. (Ryder) provides transportation and supply chain management solutions. Shares of R remained unchanged at $50.7. In the past year, the shares have traded as low as $37.00 and as high as $55.67. On average, 675691 shares of R exchange hands on a given day and today's volume is recorded at 0.
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