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Government sells another chunk of its stake in bank
Thursday 24 Nov 2016 Author: Tom Sieber

The privatisation of Lloyds Banking Group (LLOY) is progressing as the Government cuts its stake to just below 8%. At its peak following the £20.3bn bail out during the financial crisis, 43% of the bank was in public hands. Plans for a retail share offer were abandoned in October in favour of selling shares to institutional investors.

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