Lloyds Banking Group sucks in 5430 million from British Treasury. Lloyds Banking Group, controlled by 43% by the British Government last sale of nonstrategic assets, mainly from the portfolio of Bank of Scotland, and hopes to receive another £ 5,000 million (5,430 million) by the additional Treasury as part of a new share issue in order to abandon the plan of government guarantees.
According to reports British newspaper The Guardian, the British Treasury would inject another £ 5,000 million (5,430 million) jobs in Lloyd's in connection with the issuance of new shares that the entity plans to raise funds sufficient to withdraw from the plan guarantee of government assets, which involves the payment of 15,700 million pounds (about 17,000 million) in commissions from public funds.
Lloyd's aims to get 25,000 million pounds (27,150 million euros) to leave this additional guarantee program, says the paper, which raises the possibility that the Treasury involved in the operation with the purchase of new shares amounting to 5,000 million pounds , which allow the State to maintain its stake in the bank.
The British institution and receive a new injection of public funds after the 17,000 million pounds (18,485 million) received after the rescue of HBOS bank, of which Lloyd's has managed to repay about 3,000 million pounds (3,262 million).
However, The Guardian said that negotiations between the two parties are still continuing and is expected to announce an agreement in the coming weeks. Also, the paper recalls that the British Government should also get approval from Brussels.
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