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. 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 were priced at 75 pence, a 3.1 percent discount…
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