Source: FAST FT
George Osborne has confirmed that he is postponing a planned £2bn
sale of Lloyds Banking Group shares to members of the public – which had
been expected to take place in March – until markets have “calmed
down”.
The chancellor confirmed the delay on Twitter after news of a postponement was reported by the BBC.
The Treasury had said in October
of last year that it would sell its last chunk of shares in the bank
this spring. The Treasury said at the time that it was planning to sell
at least £2bn of shares to retail investors but also intended to run a
parallel offering of a similar size to institutional investors such as
hedge funds and asset managers.
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