Britain reduced its shares in Lloyds to less than 6%

Britain reduced its shares in Lloyds to less than 6%

11.01.2017 News

On Monday, the Cabinet of Ministers of the United Kingdom officially announced the implementation of more than 700.000 million shares of the largest national retail bank Lloyds Banking Group total value of which, at the close of the stock market on Friday, estimated at 481 million pounds. Thus, a majority of assets owned by the state in terms of Lloyds declined to 5.95%, as reported business publication Financial Times.

According to the Chief of British finance department Philip Hammond reduction of the public part in the Bank of less than 6% is regarded as a major step towards the 20 billion pounds sterling compensation used to hold Lloyds during the crisis, from which 18 billion. the Government managed to return to the treasury.

According to Bloomberg, at present the owner of the largest stake in the Bank of England, has become the largest international investment company Black Rock Inc., which owns 6.32% part of the bank.

Also read: Deutsche Bank was able to resolve the conflict with the United States: the case is closed

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