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NatWest Group PLC - Edinburgh, Scotland-based bank - The UK government reduces its stake in NatWest to 9.99% on Thursday from 10.99%, NatWest said in a stock exchange filing on Friday. 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: 406.70 pence, down 0.6% in London on Friday, for a £32.70 billion market capitalisation. 12-month change: up 89% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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