The UK Treasury has reduced its stake in Lloyds Banking Group to below 5%.
It has cut the number of shares in holds in the bank from 4,243,603,868 to 3,567,130,415, making its shareholding 4.998% of the total share capital.
The bank received a £20.5bn bailout from UK taxpayers between 2007 and 2009.
In October 2016, the government has reduced its stake in Lloyds Banking Group to just below 9% following a share sale worth over £340m.
In December, the Treasury signalled that a deal on the remaining 7% stake might happen in first quarter of this year.