2nd Jul 2015 06:20
LONDON (Alliance News) - Lloyds Banking Group PLC is continuing its slow return to full private ownership, a stock exchange filing confirmed on Thursday, with the UK government selling another 1% stake in the FTSE 100 lender.
According to the statement, the UK government now owns 15.90% of Lloyds Banking Group, having previously owned 16.87% of the lender's shares.
At its peak, the taxpayer's stake in Lloyds Banking Group had been as high as 43%, which followed a GBP20.5 billion bailout during the financial crisis of 2007-09.
By Samuel Agini; [email protected]; @samuelagini
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