The Traderszone Network

Published in TZ Latest News 31 May, 2015 by The TZ Newswire Staff

Britain to launch Lloyds retail share offer in next 12 months

Britain’s finance ministry said on Monday that it would launch a sale of shares in Lloyds Banking Group (LLOY.L) to private retail investors in the next 12 months. The government also said it would extend a trading facility enabling it to sell more shares in Lloyds until the end of the year. Lloyds was bailed out at a cost of 20 billion pounds ($30.59 billion) to taxpayers during the 2007-9 financial crisis, leaving the government holding a 41 percent stake in the bank.