Barclays Hired by U.K. to Manage Remaining Lloyds Stake Sale

  • British lender won role to handle $5.8 billion stake sale
  • Chancellor George Osborne postponed retail offer last week
Photographer: Chris Ratcliffe/Bloomberg

Barclays Plc, Britain’s second-largest bank, has been hired to manage the eventual sale of the U.K. government’s remaining 4 billion-pound ($5.8 billion) stake in Lloyds Banking Group Plc.

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