Britain to sell off extra chunk of Lloyds bank | Bangkok Post: news

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Britain to sell off extra chunk of Lloyds bank

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Britain revealed plans on Tuesday to sell an extra 7.5-percent stake in Lloyds Banking Group, in the latest move to steer the bailed-out lender back to the private sector. 

A man leaves a branch of Lloyds TSB bank in central London on March 1, 2013

UK Financial Investments (UKFI), which manages the state's bank holdings, said in a statement it will seek to sell some 5.35 billion shares to institutional investors.

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