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Lloyds sells Braveheart stake

LLOYDS Banking Group has pulled its investment in Scottish angel investment firm Braveheart, it emerged yesterday.

Perth-based Braveheart revealed in a regulatory news announcement to the London Stock Exchange that Uberior Investments, which is directly owned by Lloyds, and collapsed Kenmore Private Equity, to which Lloyds was a significant lender, had sold their collective 26% stake in the company.