UK may extend trading plan deadline to sell more Lloyds shares
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London
BRITAIN is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said.
Morgan Stanley has sold a 5 per cent stake in Lloyds since December through a "pre-arranged trading plan" that it was asked to undertake by UK Financial Investments (UKFI), the government agency which manages Britain's stakes in bailed-out banks.
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