BlackRock has become the largest shareholder in Lloyds after the government's stake fell to less than 6%.
Following a share sale announcement today, the government now holds a 5.9% stake in Lloyds after selling a further 700,000 shares. The value of the shares during the latest sale is unknown, but Chancellor Philip Hammond has sanctioned that shares can be sold for less than the 73.6p they were bought for back in 2008. On Monday morning, shares in Lloyds were trading 0.9% lower at 65.3p. The latest moves leaves US asset management house BlackRock as the largest shareholder in the UK lender, according to The Guardian. The precise size of this stake is unknown but shareholders are req...
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