The British Government is reportedly planning to sell its remaining 33% stake in Lloyds Banking Group in the next 12 months for around £18.4bn.
The government will dispose of the stake through a combination of retail and institutional sales, reported The Telegraph.
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A source related to the matter was quoted by the daily as saying that post-results is when a further institutional offering would make most sense.
"After that, the thinking is an autumn sale, combining an institutional and a retail segment, is a realistic prospect," source added.
In September 2013, the UK government had already sold 6% stake in Lloyds Bank through accelerated bookbuilding process to financial institutions and institutional investors such as pension funds and insurers for £3.2bn.
The government acquired 43.4% stake in Lloyds Banking Group in 2009 following its £20bn bailout in 2008.
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