LONDON (Alliance News) – Lloyds Banking Group PLC said Monday the UK government has sold a further tranche of shares in the bank, bringing its interest in the lender to below 5%.
Lloyds said the UK Treasury reduced its shareholding to approximately 3.57 billion shares from 4.24 billion shares. The price at which the shares were sold was not disclosed. The sale brings the state stake in Lloyds just below 5% to 4.998%.
Shares in Lloyds closed at 65.77 pence last Friday.
By Adam Clark; firstname.lastname@example.org
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