16th Jul 2015 06:39
LONDON (Alliance News) - The UK government on Thursday sold off just shy of a further 1% of its stake in Lloyds Banking Group PLC.
The government now holds a 14.98% stake in Lloyds, cutting its stake from the 15.90% it held after it sold down its stake earlier this month.
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. The government is now in the process of selling down its entire stake in the bank.
By Sam Unsted; [email protected]; @SamUAtAlliance
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