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Britain cuts Lloyds banking group stake below 14 percent

LONDON, Aug 3 (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 ($32.03 billion) to taxpayers during the 2007-9 financial crisis. ($1 = 0.6401 pounds) (Reporting by Carolyn Cohn; editing by Sinead Cruise)