UK Government to Sell Entire Majority Stake in NatWest
By Adriano Marchese
The U.K. government said Wednesday that it intends to sell its
entire majority stake in banking and insurance company NatWest
The aim of the government is to sell its remaining 61.93%
shareholding in the FTSE 100-listed lender, subject to market
conditions and achieving value for money for U.K. taxpayers.
In the height of the economic crisis of 2008, the government
injected capital into NatWest--then called the Royal Bank of
Scotland Group--whose ownership eventually peaked at 84.4%.
Since then, through the process of share sales and diluting
share placings, government ownership fell to today's level of
The government expects the sale to be completed between 2025 and
At 1449 GMT, shares were up 3.8 pence, or 2.1%, at 189.45
Write to Adriano Marchese at firstname.lastname@example.org
(END) Dow Jones Newswires
March 03, 2021 10:23 ET (15:23 GMT)
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