NatWest Reduces Government Stake with £1bn Share Buyback
The UK government's holding in NatWest drops to 11.4% as the bank continues its path to full privatisation.
- NatWest has repurchased £1 billion of its shares from the UK government, reducing the government's stake to 11.4%.
- The share buyback is part of a broader strategy to return NatWest to full private ownership after its bailout in 2008.
- The UK Treasury's stake in NatWest has decreased significantly from 38% at the end of 2023 to 11.4% now.
- The Labour government scrapped previous plans for a retail sale of NatWest shares to the public due to potential high costs.
- NatWest has bought back a total of £2.2 billion in state-owned shares this year, marking a key milestone in its privatisation efforts.