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)
