Magic circle duo Slaughter and May and Freshfields Bruckhaus Deringer have taken advisory roles on the government's disposal of a 6% stake in Lloyds Banking Group, raising £61m for the Treasury. UK Financial Investments (UKFI), the company set up to manage the Treasury's shareholding in Lloyds, yesterday (16 September) announced its intention to sell a stake worth around £3.3bn by way of a share placement.
September 17, 2013 at 05:46 AM
1 minute read
The original version of this story was published on Legalweek
Magic circle duo Slaughter and May and Freshfields Bruckhaus Deringer have taken advisory roles on the government’s disposal of a 6% stake in Lloyds Banking Group, raising £61m for the Treasury.
UK Financial Investments (UKFI), the company set up to manage the Treasury’s shareholding in Lloyds, yesterday (16 September) announced its intention to sell a stake worth around £3.3bn by way of a share placement.
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