13th Dec 2016 07:10
LONDON (Alliance News) - The UK government cut its shareholding in Lloyds Banking Group PLC to below 7.0%, a stock exchange filing showed on Tuesday.
HM Treasury sold its stake in the bank down to 6.93%, around 4.94 billion shares, from 5.70 billion shares or a 7.99% stake on November 22.
The government is continuing to reducing its stake in Lloyds following the bailout of the bank in the 2008 financial crisis.
By Sam Unsted; [email protected]; @SamUAtAlliance
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