Lloyds Stake Sale Well-Timed (Politically): Investec

Mani

Published onSeptember 17, 2013

Updated on May 13, 2021

Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY)’s recent stake sale by the UK government is well-timed (politically), according to a recent report from Ian Gordon of Investec plc (LON:INVP) (LON:INVR) (OTCMKTS:IVTJF).

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

Lloyds Stake Sale Well-Timed

As reported earlier, UK Financial Investments Ltd oversees the government stake sale. In a statement issued today, UKFI indicated that it sold 4.28 billion shares for 3.2 billion pounds. The shares...

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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 Well-Timed (Politically): Investec

Lloyds Stake Sale Well-Timed

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