Government tipped to sell off remaining Lloyds stake in 2014

The Government could dispose of its remaining stake in Lloyds Banking Group in 2014 through a combination of sales to retail and institutional investors, according to reports.

The government has already successfully offloaded 6% of its holding in September, raising £2.3bn via an overnight sale to institutional investors. Now Chancellor George Osborne - following the advice of UK Financial Investments - is understood to be preparing plans to sell the remaining 33% in 2014, according to a report in the Telegraph. The stake - worth £18.4bn at the current price of 78.7p - could this time be offered to the public after its appetite was piqued by the Royal Mail sale late last year. In the Autumn Statement, the Treasury said UKFI was "developing the best mechan...