Lloyds Stake Sale Yields £3.2 Billion For Taxpayers – ValueWalk Premium

Lloyds Stake Sale Yields £3.2 Billion For Taxpayers

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.

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

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