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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.62 | -1.22% | 50.38 | 50.36 | 50.38 | 50.82 | 50.28 | 50.70 | 9,361,913 | 08:40:49 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 5.87 | 32.06B |
By Tapan Panchal
LONDON--Lloyds Banking Group PLC (LYG, LLOY.LN) said Thursday that it intends to sell a part of its stake in U.K. retail bank TSB Banking Group PLC (TSB.LN) via an accelerated share book-build process.
The FTSE10-listed financial-services company said it intends to sell 57.5 million ordinary shares in TSB. The shares represent 11.5% of the TSB's issued ordinary share capital.
Lloyds said it expects to retain 50% of the issued share capital of TSB after the share sale. It added it doesn't expect the sale to have a material impact on its capital position.
UBS Investment Bank is acting as book-runner in connection with the share placing.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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