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Britain cuts Lloyds banking group stake below 14 percent

A man walks past a sign outside Lloyds Banking Group's headquarters in the City of London 27 February, 2009. REUTERS/Andrew Winning

LONDON (Reuters) - Britain has reduced its stake in Lloyds Banking Group to below 14 percent, the finance ministry said in a stock market disclosure on Monday. The taxpayer's stake has fallen to 13.99 percent, the ministry added. Lloyds was rescued at a cost of 20.5 billion pounds to taxpayers during the 2007-9 financial crisis. (Reporting by Carolyn Cohn; editing by Sinead Cruise)