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Sovereign Wealth Funds Briefing - Categorized | Trends

UK to rebuff private equity, overseas funds in Lloyds sale

Posted on 15 July 2013

Britain will start selling its shares in Lloyds Banking Group to pension funds and insurers later this year, rejecting interest from private equity and sovereign wealth funds, industry and political sources said.
The government could sell up to a quarter of its 39 percent stake as early as September, the sources said, especially if the bank’s first-half results, due in August, are well received………………………………………..Full Article: Source


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