(Repeats to link to snaps)
LONDON, March 25 Britain will sell an additional
7.5 percent of part-nationalised Lloyds Banking Group,
worth about 4.2 billion pounds ($6.9 billion), via a placing to
institutional investors, UK Financial Investments (UKFI) said on
UKFI, which manages the government's stakes in Lloyds and
Royal Bank of Scotland, said the sale would cut the
government's stake in Lloyds to 25 percent.
Bank of America, Merrill Lynch, JP Morgan, Morgan Stanley
and UBS have been appointed to act as bookrunners.
($1 = 0.6059 British Pounds)
(Reporting by Matt Scuffham; Editing by Steve Slater)