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Sovereign Wealth Funds Briefing - Categorized | Market

Lloyds shares jump on news of consortium and wealth fund interest

Posted on 09 July 2013

Shares in state-backed bank Lloyds have jumped by around 2.5 per cent on the news that overseas investors could be interested in the company. It emerged over the weekend that a consortium led by former trade minister Lord Davies is considering investing up to £10bn in the bank, while Singapore’s sovereign wealth fund may put in £4.5bn.
That represents the majority of the government’s stake, which is currently valued at around £17.5bn………………………………………..Full Article: Source


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