View the article online at http://citywire.co.uk/wealth-manager/article/a726766
Lloyds asked to draw up plans for £19bn gov’t stake sale
by Daniel Grote on Jan 08, 2014 at 07:53
UK Financial Investments, which manages the government’s banking stakes, has written to the Lloyds board asking it to write a prospectus to accompany a share sale to the public, Sky said.
The Treasury is understood to want to offload a large portion of its 33% stake in the bank this year, although the timing of a sale has not yet been decided, Sky cited an insider as saying.
An announcement about the new sale is not expected until after Lloyds’ full-year results at the end of next month.
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