UK Government Reduces NatWest Stake to 22.5% with £1.24 Billion Share Sale
Retail share offer postponed due to upcoming general election, delaying public investment opportunities.
- The UK government has reduced its stake in NatWest from nearly 26% to 22.5% by selling £1.24 billion worth of shares back to the bank.
- Plans for a retail share offer have been postponed due to the upcoming general election, delaying opportunities for public investment.
- The government's stake in NatWest peaked at 84% during the 2008 financial crisis and has been steadily reduced since then.
- NatWest's CEO Paul Thwaite views the transaction as a significant step towards returning the bank to full private ownership.
- Future share sales are anticipated, with the government aiming to fully divest its stake by 2026.