The UK Government will Return NatWest Bank Completely to Private Ownership by 2026
The UK government is moving closer to its goal of returning NatWest completely to private ownership by 2026, as the bank has agreed to buy back £1.3 billion worth of shares from the government.
The UK government is moving closer to its goal of returning NatWest completely to private ownership by 2026, as the bank has agreed to buy back £1.3 billion worth of shares from the government.
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This deal will reduce the government's stake in the former Royal Bank of Scotland from around 41.4% to 38.69%.
NatWest said it agreed to trade at 268.4 pence per share, and the bank had already taken over largely private ownership in March 2022 following a similar-volume share sale.
The UK government currently owns an 84% stake in NatWest after bailing it out in 2008, and this latest share sale is the government's sixth sale of NatWest shares to date.
The UK Government will Return NatWest Bank Completely to Private Ownership by 2026
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