UK Government Sets Up Trading Plan to Sell Part of Lloyds Stake
December 17 2014 - 10:50AM
Dow Jones News
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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