SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
03 October 2007
LLOYDS TSB GROUP plc
(Translation of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F..X..Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes .....No ..X..
If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
Index to Exhibits
Item
No. 1 Regulatory News Service Announcement, dated 03 October 2007
re: 'Disposal'
117/07 3 October 2007
LLOYDS TSB GROUP ANNOUNCES SALE OF THE DUTTON-FORSHAW GROUP LIMITED
Lloyds TSB Group's Asset Finance Division has agreed the disposal of The
Dutton-Forshaw Group Limited (DFG) to Lookers plc, for which it will receive
GBP60 million (comprising GBP28 million of cash consideration and the repayment
of GBP32 million of debt). The effect on the Lloyds TSB Group accounts is not
expected to be material.
DFG is a medium-size car dealership with sales and after-sales dealerships and
authorised repairers representing 14 manufacturers.
David Oldfield, Managing Director, Lloyds TSB Asset Finance Division, said: "The
team in Dutton-Forshaw has made great progress in developing the business in
recent years and today DFG has very strong brand representation in good
locations. Whilst we have seen benefits from the strong partnership between
Dutton-Forshaw and other parts of our Asset Finance Division businesses, the car
supply market has changed and in a consolidating industry we have concluded that
a disposal to the right party is in the best interests of shareholders, staff
and customers."
For further information:-
Investor Relations
Michael Oliver +44 (0) 20 7356 2167
Director of Investor Relations
Email: michael.oliver@ltsb-finance.co.uk
Media
Mary Walsh +44 (0) 20 7356 2121
Director of Corporate Relations
Email: mary.walsh@lloydstsb.co.uk
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds TSB Group, its current goals and
expectations relating to its future financial condition and performance. By
their nature, forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the future.
The Group's actual future results may differ materially from the results
expressed or implied in these forward looking statements as a result of a
variety of factors, including UK domestic and global economic and business
conditions, risks concerning borrower credit quality, market related risks such
as interest rate risk and exchange rate risk in its banking business and equity
risk in its insurance businesses, changing demographic trends, unexpected
changes to regulation, the policies and actions of governmental and regulatory
authorities in the UK or jurisdictions outside the UK, including other European
countries and the US, changes in customer preferences, competition and other
factors. Please refer to the latest Annual Report on Form 20-F filed with the US
Securities and Exchange Commission for a discussion of such factors. The forward
looking statements contained in this announcement are made as at the date of
this announcement, and the Group undertakes no obligation to update any of its
forward looking statements.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LLOYDS TSB GROUP plc
(Registrant)
By: M D Oliver
Name: M D Oliver
Title: Director of Investor Relations
Date: 03 October 2007