U.K. Said to Eye Full Lloyds Exit With 2016 Sale to Institutions

Updated on
  • Government plans to `fully exit' Lloyds in coming months
  • UKFI has been selling small batches of shares to investors

U.K. Government Plans $3B Lloyds Share Sale

The U.K. government may sell about 2.5 billion pounds ($3.8 billion) of Lloyds Banking Group Plc shares to institutional investors alongside 2 billion pounds to individuals early next year to return the lender to full private ownership, a person with knowledge of the matter said.

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