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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar, Kuwait said to eye stake in Lloyds Bank

Posted on 26 July 2013

Qatar and Kuwait are said to be interested in buying a stake in Lloyds Banking Group when the UK government sells its 39 percent holding, worth about £20bn ($30.7bn). The government plans to sell its stake in the UK’s largest bank by market share in three tranches.
The first is expected to be released within weeks but only offered to existing institutional investors including L&G, Blackrock, Norges, Fidelity, Schroders and Standard Life, at a 5-10 percent discount, according to London’s Daily Mail………………………………………..Full Article: Source


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