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Are Lloyds Banking Group shares now doomed to slump?

The government has scrapped former chancellor George Osborne’s plans to sell-off its remaining stake in Lloyds Banking Group (LSE: LLOY) via a grand discounted offer to the public. But will its new strategy of disposing its remaining shares in the daily market depress the Lloyds share price?

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Owain Bennallack owns shares of Lloyds Banking Group. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.