The UK government has sold its remaining stake in Lloyds Banking Group.
It closes the chapter for the state’s bailout in Lloyds during the credit crunch in 2008, following the bank’s ill-fated takeover of Halifax Bank of Scotland (HBOS).
The UK taxpayer funded the £20.3bn rescue, which resulted in the government taking a 43% stake. It paid 73.6p per share at the time.
Lloyds Banking Group shares are trading at 71p.
In contrast, taxpayers still have a state of more that 70% in Royal Bank of Scotland, which was rescued at the same time as Lloyds.
