The UK government has sold its remaining stake in the country's largest financial conglomerate Lloyds Banking Group. Thus, it once again became totally private. In particular, the government sold 638,4 million shares, or 0.89% of its share in the capital.
These shares were repurchased during the economic crisis. In 2009 the government bought a 43% stake, but then began to sell securities to private capital. To rescue the lender, the government has spent more than 20 billion pounds. Meantime, the government has made more than 900 million pounds under this deal. However, according to experts, the sum doesn't include the current inflation level.
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