Lloyds Stake Sale Well-Timed (Politically): Investec – ValueWalk Premium
17Sep2013

Lloyds Stake Sale Well-Timed (Politically): Investec

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).

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.

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Author

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

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