Monday, September 16, 2013

Treasury set to sell 6% of Lloyds



The Government has revealed plans to sell 6% of Lloyds Banking Group.


UK Financial Investments (UKFI), which manages the taxpayers’ stake in the bank, said the Treasury’s stake will fall to about 32.7% from 38.7%.


UKFI pulled the trigger on the sale of 4.28 billion shares after the stock market closed.





Treasury set to sell 6% of Lloyds

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