Lloyds (LLOY.L) today announced news that it has sold 57 Million shares in TSB at a price of 280p. This amounts to 11.5% of the total shares held and reduces Lloyds stake to 50% holding.
Lloyds will still consolidate TSB results within its own and the placing is expected to be completed on the 6th October. The deal will generate around £160Million cash for the bank.
Lloyds (LLOY.L) today announced news that it has sold 57 Million shares in TSB at a price of 280p. This amounts to 11.5% of the total shares held and reduces Lloyds stake to 50% holding.
Lloyds will still consolidate TSB results within its own and the placing is expected to be completed on the 6th October. The deal will generate around £160Million cash for the bank.
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