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UK government cuts Lloyds stake to below 2%

No price was disclosed for the share sale, which was conducted on March 31

UK government cuts Lloyds stake to below 2%

Lloyds Banking Group today said the UK government has lowered its shareholding in the bank to 1.41 billion shares, or about 1.97% of its issued share capital, MarketWatch reports.

The UK government previously held 2.1 billion shares.

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