LONDON, Feb 8 (Reuters) - Britain is likely to sell stakes in state-backed banks Lloyds Banking Group and Royal Bank of Scotland in several tranches, a senior Treasury civil servant said.
"As and when these shares are sold into the market, just the sheer scale of the holdings will make this, I think, the biggest (UK) share sale ever," Nicholas Macpherson, Permanent Secretary to the Treasury, told a parliamentary committee on Tuesday.
"I do not want to prejudge the future, but my guess is you would do it in a series of tranches and you would be very much trying to test the market," he said. (Editing by Dan Lalor)