Lloyds Banking Group has announced shares in TSB will cost between 2 euros 70 and 3 euros 50 when the bank floats on the stock market next month. <br /><br />Lloyds is putting 25 percent of its stake up for sale. <br /><br />That means TSB will have a value of just over 1.5 billion euros.<br /><br />Lloyds was bailed out by UK taxpayers in 2008 and TSB is being sold off to comply with EU law on state aid.<br /><br />TSB boasts 4.5 million customers making it the seventh biggest bank in the UK.<br /><br />Lloyds Banking Group has until 2015 to sell of its remaining stake in TSB.
