Belfast Telegraph

Treasury sells off 6% of Lloyds shares

The Government is selling 6% of Lloyds Bank.

UK Financial Investments (UKFI), which manages the Treasury's stake said it will now fall to about 32.7%.

UKFI pushed the button to sell 4.28bn shares after the stock market closed.

Based on yesterday's closing price, the sale would recoup £3.31bn for taxpayers after Lloyds' £20bn bailout and part-nationalisation in 2008.

Shares closed at 77.36p – over the 63.1p break even level.

Belfast Telegraph