Tue, 17th Sep 2013 06:43
LONDON, Sept 17 (Reuters) - Britain's sale of shares inLloyds Banking Group was 2.8 times covered at a priceof 75 pence per share, a source with direct knowledge of thetransaction told Reuters on Tuesday.
UK Financial Investments, which manages the government'sstake in the bank, sold 6 percent of the bank's shares tofinancial institutions via an accelerated bookbuild.
(Reporting by Matt Scuffham; Editing by Steve Slater)
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