Monday, Sep 1, 2014Monday, Sep 1, 2014
News
 

Britain to sell extra 7.5% of Lloyds bank

Published on Mar 26, 2014 1:20 AM
 

LONDON (AFP) - The British government revealed Tuesday that it will seek to sell an extra 7.5 per cent stake in bailed-out Lloyds Banking Group, after offloading a 6 per cent chunk late last year.

UK Financial Investments (UKFI), which manages the state's bank holdings, said in a statement that it will look to sell another 5.35 billion shares to institutional investors, taking the government's total LBG holding from 32.7 per cent to 25 per cent.