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U.K. Raises $3.3 Billion From RBS Sale, Leaves Room for More

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U.K. Takes Loss in Initial Sale of RBS Stake

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The U.K. government raised 2.1 billion pounds ($3.3 billion) in its share sale of Royal Bank of Scotland Group Plc, leaving room to cut the stake further this year.

The disposal of a 5.4 percent stake at 330 pence apiece to money managers will cut the taxpayer’s holding to 72.9 percent, U.K. Financial Investments Ltd., which manages Britain’s holdings in banks, said in a statement on Tuesday. The shares closed at 337.6 pence on Monday before the sale.