£500m Lloyds shares sold off

Tim Wallace
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THE TREASURY raked in another £500m from selling Lloyds’ shares, yesterday revealing that its stake in the bailed-out bank had been cut to below 22 per cent.

It is just two weeks since the previous announcement that a similar chunk of shares had been sold, indicating the pace at which the government is offloading the stock.

The share price dipped 1.1 per cent on the day to 79.7p.

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