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Lloyds exit in sight after UK offloads £4.2bn stake

Lloyds

The UK government could be out of its holding in Lloyds Banking Group before a general election next May after setting itself up for future deals with Europe’s biggest accelerated bookbuild on Tuesday night. The UK government sold 7.8% of Lloyds, taking its holding down to just under 25% and raising £4.2bn.

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