Government sells down Lloyds Bank stake

9th Jan 2017 07:17

(ShareCast News) - The UK government announced on Monday that its stake in Lloyds Banking Group fell below 6% after it sold 700m shares late on Friday. UK Financial Investments Limited, the government vehicle set up to control stakes in the banks bailed out during the credit crunch in 2008, now holds a 5.95% stake in Lloyds, down from 43% at its peak.

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