Freshfields advises as Lloyds Banking Group is re-privatised

Magic circle firm advises on final share sale as Lloyds returns to private ownership after nearly a decade

Lloyds bank-Article-201607221015

Freshfields Bruckhaus Deringer has advised the government as it sold its remaining stake in Lloyds Banking Group, returning the bank to private ownership nearly a decade after it was rescued by the UK taxpayer.

London corporate partners Mark Austin and Julian Makin took the key advisory roles for UK Financial Investments (UKFI), the company set up to manage the Treasury’s shareholding in Lloyds after the bank was bailed out by the government in 2009 in a £20bn rescue.

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