Lloyds exit in sight after UK offloads £4.2bn stake

Andrew Griffin

March 27, 2014 06:00 pm

Lloyds — London, United Kingdom. 20th February 2012 -- The Lloyds Banking Group sign at the Gresham Street head office of Lloyds Banking Group on the day that it is expected that bonuses will be clawed back from bosses at Lloyds. -- Lloyds Banking Group is set to claw back bonuses from former directors and executives, worth about 2 million of previously awarded share bonuses. Lloyds Banking Group claws back bonuses from Bosses | Craig Shepheard / Demotix/Demotix/Press Association Images

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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Andrew Griffin