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Business

UK govt plans to sell part stake in Lloyds

Posted

July 12 - The British government is preparing to sell about a quarter of its 39 per cent stake in Lloyds Banking Group later this year, and wants it to be seen as a significant milestone in Britain's recovery from the 2008 financial crisis. The government is keen for the sale to go ahead before next year's general election - but analysts say this means they may not get the best possible price. Kirsty Basset reports.

Business

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