Treasury selling £4.2bn of stock in Lloyds Bank March 25, 2014 LLOYDS is taking another step towards privatisation as the government last night announced it is selling another 7.5 per cent stake in the bank. The 5.35bn shares are worth around £4.2bn at last night’s closing price of 79.1p – firmly above the 73p the government paid for the stock. However, the large placement of shares [...]
UKFI to sell further 7.5 per cent stake in Lloyds March 25, 2014 UK Financial Investments, the body responsible for the government's stake in state-supported banks RBS and Lloyds, has announced that it intends to sell part of the Treasury's shareholding. Approximately 7.5 per cent of Lloyds is up for grabs, or 5.35bn ordinary shares. That should see the government's stake in Lloyds reduced from 32.7 per cent [...]