Banking
UK government sells £1.26bn of taxpayer stake in NatWest
Sale will bring the government’s stake down to 38.69 per cent from around 41 per cent.
The UK Government has sold £1.26 billion (€1.5 billion) of its stake in Natwest back to the banking firm.
It is the latest in a series of stake sales by UK government Investments as the state seeks to whittle down its shareholding in the bank, following its near £46 billion bailout during the 2008 financial crisis.
The latest sale will bring the Government’s minority stake down to 38.69 per cent from around 41 per cent.