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British government reduces its stake in Lloyds Banking Group to below 3%

The UK government once again sold a small stake in Lloyds Banking Group, reducing its stake in the bank to 2.95%.

Currently, the state owns 2.1 billion shares of Lloyds, the bank said in a press release. Earlier, the British government's package totaled 2.78 billion shares.

The sale price of securities is not disclosed. All the attracted funds the government directs to reduce the national debt of the country.

Lloyds is the largest retail bank in the UK. He was saved during the financial crisis, as a result of that the government received a 39 percent stake.

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