Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a722951

Autumn Statement: Lloyds sale to be offered direct to public

by David Campbell on Dec 05, 2013 at 13:29

Autumn Statement: Lloyds sale to be offered direct to public

The government is hoping to build on the enthusiastic reception of the Royal Mail to public trading by examining how to maximise the number of private investors able to take part in a sale of Lloyds.

Following the feel-good factor of the rapid appreciation of shares in Royal Mail after it listed in the autumn, the Autumn Statement said: ‘The government would like to give the British public the opportunity to participate directly in future sales when the time is right’.  

Private investors hoping for a repeat of the near 100% appreciation of Royal Mail to 599p per share may be disappointed however.

‘[The] overriding concern is to ensure the taxpayer gets value for money for the sale of the shares,’ the document added.

The treasury did not provide any further information on the potential scale or timing of its remaining stake in the bailed-out bank.

A previous sale of 15% of the publically-owned business in September was targeted at institutional investors.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet