LONDON: Britain’s finance ministry said it will sell at least £2bil (US$3bil) worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full private ownership.
The sale is set to be the biggest privatisation in Britain since the 1980s, when Margaret Thatcher’s government sold £3.9bil worth of shares in British Telecom and £5.6bil worth of British Gas shares.
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