LONDON--The U.K. government has set up a trading plan to sell part of its stake in Lloyds Banking Group PLC (LYG).

U.K. Financial Investments Ltd., which manages the government's holdings in banks, said Wednesday that it intends to sell part of its holding in the financial services company over the next six months. The trading plan will be managed by Morgan Stanley & Co. International PLC.

The government owns 17.8 billion ordinary shares in Lloyds, representing 24.9% of the issued ordinary share capital of the company.

Write to Tapan Panchal at tapan.panchal@wsj.com

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