Figure dwarfs level of interest in Royal Mail sale as Treasury reduces size of state stake in bank to 11%Around 250000 people believe registered to buy shares in Lloyds Banking Group,the government said as it sold down a further stake in the bailed-out bank and removed some of the complexity of its holding in Royal Bank of Scotland.
Even as it prepares an offering of Lloyds shares to the public, the government is continuing to sell off shares to big City investors. The stake now stands at just below 11% as George Osborne continues with a diagram to dribble out shares on to the stock market. At the time of the bailout in 2008 and 2009, and the stake stood at 43%. Related: Lloyds share sale: 120000 investors sign up with investment firm Related: Lloyds bank share sale: all you need to know Continue reading...
Source: theguardian.com