The latest sale, which has reduced the government’s shareholding to below 14%, is part of a trading plan launched in December to reduce the national debt which has seen Lloyds shares gradually sold off in recent months.
The government trading plan is due to end no later than 31 December.
Chancellor George Osborne (pictured) said: “It’s fantastic news that we’ve sold more shares in Lloyds Bank, taking the total recovered to almost £14bn.
“I am determined to build on this success, and to continue to return Lloyds to the private sector and reduce our national debt.”
Osborne has also been in talks in recent months over when to begin selling the government’s 80% stake in the Royal Bank of Scotland.
Today the BBC reported that the Treasury could begin to roll out the sale process imminently if it receives enough interest, but noted that the move is tentative and could be set back a month or more.
