Lloyds Stake Sale Yields £3.2 Billion For Taxpayers

Mani

Published onSeptember 17, 2013

Updated on May 13, 2021

The U.K. government sold about 6 percent in its first sale of its stake in Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) shares, generating £3.2 billion.

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The long-awaited share sale scheme would facilitate claw-back of the public funds used to rescue Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) during the financial crisis five years ago.

UKFI Oversee The Stake

UK Financial Investments Ltd oversees the government stake. In a statement issued today, the London-based body indicated that it sold 4.28 billion shares for 3.2 billion...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Lloyds Stake Sale Yields £3.2 Billion For Taxpayers

UKFI Oversee The Stake

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