British government stake in Lloyds Banking Group falls below 21 pct

April 24, 2015 6:17 AM

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LONDON, April 24 (Reuters) - The size of the stake owned by British taxpayers in Lloyds Banking Group has fallen by a further 1 percent to below 21 percent, the government agency in charge of managing the interest said on Friday.

UK Financial Investments said the public shareholding of HM Treasury in the British bank has been reduced to 20.95 percent, in another milestone towards restoring the bank to full private ownership.

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