UK Government to Sell Off NatWest Shares to Public
The move, echoing Thatcher-era privatisations, aims to eliminate the government's holding in the bank by 2026.
- The UK government plans to sell off its shares in NatWest to the public within the next year, echoing the privatisations of the Thatcher era.
- The shares are likely to be offered at a discount to encourage demand, with some suggesting a discount of up to 10% may be needed.
- The government aims to eliminate its entire holding in the bank by 2026, having become the majority shareholder during the financial crisis.
- NatWest shares have been impacted by a recent 'debanking' scandal involving Nigel Farage, leading to the departure of the bank's CEO, Dame Alison Rose.
- The government's previous attempts to sell shares to the public have focused on institutional investors, but this move marks a shift towards retail investors.