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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:01 EDTLYGLloyds Banking to sell stake in CALA Group to Legal & General
Legal & General Group has agreed to acquire an interest in CALA Group Ltd, a U.K. home builder, from Lloyds Banking Group. The acquisition values CALA at GBP210M. Legal & General will acquire a 46.5% equity stake in CALA, as an equal partner with Patron Capital Partners, alongside management who will take a 7% share. The acquisition will be financed by GBP140M of equity and GBP70M of debt. Legal & General and Patron will both have a representative on CALA's Board.
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May 15, 2015
10:25 EDTLYGBritain could extend trading plan to sell more Lloyds shares, Reuters reports
According to sources, Britain may extend a trading plan to sell more shares in Lloyds beyond the current June deadline, Reuters reports. The British government's stake now stands at 19.9%, down from 24.9%, through the plan, and the sources say an extension could help the government return Lloyds fully to private ownership within the next year. Reference Link
May 12, 2015
18:18 EDTLYGU.K. cuts stake in Lloyds to sub-20%, BBC says
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