UK govt to hold 43.4 percent of Lloyds-HBOS bank

Article Date : 12 January 2009
News Section: United Kingdom

The British state is to take a 43.4 percent stake in the combined Lloyds TSB-HBOS bank after shareholders largely shunned both lenders' rights issues, the two banks said on Monday. Existing shareholders bought just 0.5 percent of the Lloyds...

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Article provided by Timesofmalta.com.
Read the full article here: http://www.timesofmalta.com/articles/view/20090112/business/uk-govt-to-hold-43-4-percent-of-lloyds-hbos-bank

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