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UK says will look to sell Lloyds shares to public

Thu, 17th Oct 2013 10:31

LONDON, Oct 17 (Reuters) - Britain will look to sell sharesin part-nationalised Lloyds Banking Group to privateretail investors in future sales, a top Treasury official saidon Thursday.

"In future sales we will look at ways in which the Britishpublic can get involved in those transactions. Because we aremending the economy the taxpayer is at last getting its moneyback," Danny Alexander, chief secretary to the Treasury, toldthe British Bankers Association's annual conference.

Britain sold a 6 percent stake in Lloyds in September at aprice above what it paid for the shares in a 20.5 billion pound($32.7 billion) bailout of the bank in 2008. The government iskeen to offload its remaining 33 percent stake before the nextgeneral election in 2015.

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