LONDON, March 18 (Reuters) - Britain will sell at least 9billion pounds ($13 billion) worth of shares in Lloyds BankingGroup in the coming year, finance minister GeorgeOsborne said in his annual budget statement.
Osborne also said that the government is launching a sale of13 billion pounds worth of mortgage assets held by bailed outNorthern Rock and Bradford and Bingley.
The government currently holds a 22.98 percent stake inLloyds and the latest sales will take its stake to about 7percent, based on current share prices.($1 = 0.6833 pounds) (Reporting by Matt Scuffham; Editing by Steve Slater)
Lloyds (LLOY)