|
NatWest Group PLC - Edinburgh, Scotland-based bank - The UK government reduces its stake in NatWest to 10.99% on Thursday from 11.34%, NatWest said in a stock exchange filing on Friday. This reduced stake follows the UK’s Treasury’s sale of 27.8 million NatWest shares, worth about £109 million, since its last notification on November 13. The share sales are part of the trading plan that has been in place for the past three years. The UK government had owned 84% of NatWest following a taxpayer bailout of what was then Royal Bank of Scotland Group during the financial crisis of 2008 and 2009. As recently as 2018, the government held a 62% stake in NatWest, but it has been selling this down progressively since. Current stock price: 393.00 pence, down 1.9% in London on Friday for a £32.64 billion market capitalisation. 12-month change: up 92% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
