By Ian Walker
LONDON--The U.K. government has reduced its stake in Lloyds
Banking Group PLC by 1% to 23.9%.
In a London Stock Exchange shareholding notification Lloyds said
on Monday that The Commissioners of Her Majesty's Treasury now owns
17.09 billion shares, or 23.9% of the bank's voting rights. It
previously held 17.14 billion shares.
No price for the share sale, which was conducted on Friday, was
disclosed. Lloyds shares closed Friday at 77.98 pence.
The U.K. government bailed out Lloyds during the financial
crisis, taking a 39% stake in the U.K.'s biggest retail bank. So
far, the government has raised GBP7.4 billion selling bits of its
stake in the lender.
Is said last December it would sell a further chunk of shares in
Lloyds by the end of June.
Write to Ian Walker at ian.walker@wsj.com
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