LONDON, Feb 3 (Reuters) - Lloyds Banking Group's iswell advanced in its preparations for a second sale of theBritish government's shares in the bank, Finance Director GeorgeCulmer told reporters.
Lloyds, 33 percent-owned by the government, said on Mondayit is preparing the documents required for a possible futuresale of shares in the bank to the public.
"It is pretty well advanced. The prospectus is well in handand progressing well," Culmer said.
Chief Executive Antonio Horta-Osorio added that the timingof the sale would be up to the government.
The government sold a 6 percent shareholding in the bank tofinancial institutions last September.