Government asks banks to tender for Lloyds, RBS advisory roles

LONDON | Fri Jun 28, 2013 12:45pm BST
(Reuters) - The government has kicked off the process of appointing advisors for the sale of its shares in Lloyds Banking Group and Royal Bank of Scotland, asking investment banks to submit proposals by July 8.

UK Financial Investments (UKFI), which manages the government's stakes in the banks, is looking to appoint a bookrunner, co-lead managers, capital markets advisers and strategic advisors for the sales.

Chancellor George Osborne said in his annual speech to financiers in the City of London last week that the government was ready to start selling its shares in Lloyds.

12 month+ high 64.68p

bit better than pog skinners.,.
Edit: also better than kaz.....lol

I was having a nice day and you go and mention POG... ! :-)

70P by results day?

Who Lloyds or POG?
2517

I don't mind POG hitting 70p as long as LLOY do, I have LLOY/POG 100:1.

As a POG holder thanks for that skinny.
2517

sorry ;)

Nomura Neutral 63.37 63.38 45.00 61.00 Upgrades

Strewth! 65p!.....and I'm in profit! First time since..........early 2011.

Nice one Harry, must feel good. I need 73p for that feeling. First time since 08!!

At the current price I'm up @18% - quite a difference to a couple of years ago.

long way to go to reach £6!

Bloody hell Halifax, is that your breakeven?!

And I thought I was badly done to with 109p!

I want 123p but i'm including my losses on hbos, so we're half way there.,.

I expect there are some Widows and Orphans waiting for over £3, so at least Baler, you can see the sun coming over the horizon.

Lloyds shares hit two-year high on overseas buyers' interest

(Reuters) - Lloyds Banking Group (LLOY.L) shares jumped to a 2-1/2 year high on Monday as overseas investors stepped up their interest in buying part of the bank, with media reports suggesting some may want half the government's stake.

Former Standard Chartered (STAN.L) chief executive Mervyn Davies is talking to others about forming a consortium to be an "anchor" or cornerstone investor in part-nationalised Lloyds which the government is planning to sell, a person familiar with the matter said.

Is RBS going to follow?