Lloyds' exit from St James's Place snapped up in block trade
Investors have grabbed their last opportunity to take a piece of St James’s Place as Lloyds Banking Group sold down its final holding in the asset manager in the third block trade of the year.
After two sell-downs earlier in 2013, Lloyds sold its remaining 21% stake in the UK firm through an accelerated bookbuild on Monday night. The transaction, which saw Lloyds sell 109m shares in St James’s Place, raised around £680m for the bank.
Each of the trifecta of trades
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