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Empresas y finanzas

Britain cuts Lloyds Banking Group stake to below 17 percent


    LONDON (Reuters) - Britain has reduced its stake in Lloyds Banking Group to below 17 percent, the finance ministry said in a stock market disclosure on Tuesday.

    The taxpayer's stake has fallen to 16.87 percent, the ministry added.

    Lloyds was rescued at a cost of 20.5 billion pounds $32.36 billion) to taxpayers during the 2007-9 financial crisis.

    (Reporting by Carolyn Cohn, editing by Sinead Cruise)