Lloyds to sell shares in TSB at '220 pence to 290 pence'

TSB bank is to be valued at between £1.1 billion and £1.45 billion when Lloyds Banking Group sells a 25% stake in the bank towards the end of June.

ITV News' Business Editor Joel Hills tweeted:

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Priced to go: Lloyds will sell shares in TSB at 220 pence to 290 pence - at mid-point, values bank at £1,275 million. Final price June 20th

More: Is TSB the John Lewis of financial services?

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