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The U.K. government has reportedly attracted proposals for its stake in Lloyds (LYG), including...

The U.K. government has reportedly attracted proposals for its stake in Lloyds (LYG), including a £10B bid from a consortium led by private-equity fund Corsair, whose senior partners include former trade minister Mervyn Davies. The group could offer to acquire up to half the state's 39% holding at somewhere around Lloyds' share price of 64.63 pence, which would ensure the government broke even on its financial-crisis bailout of the bank. Lloyd's market cap is £46.1B.
Comments (2)
  • wenlock00
    , contributor
    Comments (55) | Send Message
     
    Ex Ministers bidding for state assets disposed of on the cheap - doesn't smell very good. http://bit.ly/13uN2j1 ex-Standard Chartered no less. http://bit.ly/1bgU3ED
    7 Jul 2013, 04:49 PM Reply Like
  • Lilliana
    , contributor
    Comments (61) | Send Message
     
    And the vultures gather over once a great and valued investment.
    7 Jul 2013, 09:17 PM Reply Like
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