Lloyds sale seen imminent as markets trade up
Bankers are expecting the UK government to take advantage of near-perfect market conditions to begin the sell-down of its 39% holding in Lloyds Banking Group imminently. Some were surprised that a sale of at least a 10% stake — worth some £5.6bn — had not launched by 6pm on Tuesday. But at that time no other overnight blocks had launched either.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts