The UK government has sold off another 1% of its stake in Lloyds Banking Group, making its total interest in the lender to below 11%. This move comes as the British finance ministry said it would sell around 54,0002bn worth of Lloyds shares to private retail investors in Spring 2016 to return the bank to full private ownership.
The UK government has sold off another 1% of its stake in Lloyds Banking Group, making its total interest in the lender to below 11%. This move comes as the British finance ministry said it would sell at least £2bn worth of Lloyds shares to private retail investors in Spring 2016 to return the bank to full private ownership.