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Britain cuts Lloyds Banking Group stake to below 17 percent

Published 06/23/2015, 02:51 AM
Updated 06/23/2015, 02:54 AM
© Reuters. A branch of Lloyds Bank is seen in the City of London
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LONDON (Reuters) - Britain has reduced its stake in Lloyds Banking Group (L:LLOY) to below 17 percent, the finance ministry said in a stock market disclosure on Tuesday.

The taxpayer's stake has fallen to 16.87 percent, the ministry added.

Lloyds was rescued at a cost of 20.5 billion pounds $32.36 billion) to taxpayers during the 2007-9 financial crisis.

© Reuters. A branch of Lloyds Bank is seen in the City of London

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