Member Article

Government sells 6% Lloyds stake

UK Financial Investments, the company that deals with government stakes in RBS and Lloyds, has sold a 6% government stake in Lloyds Banking Group.

The sale was announced this morning and at 75p per share is expected to raise just over £3.2bn.

The Government originally bought Lloyds shares in 2008 at an average price of 73p.

This was posted in Bdaily's Members' News section by Tom Keighley .