By Joe Hoppe

 

NatWest Group PLC said Monday that the U.K. government has cut its shareholding in the bank to 53.96% from 54.75%.

The U.K. bank had said on July 22 that U.K. Government Investments Ltd. intends to sell up to 15% of the aggregate trading volume of the company by Aug. 11, 2022.

UKGI holds the stake on behalf of the British government after NatWest's state-backed bailout in 2008.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

September 20, 2021 11:20 ET (15:20 GMT)

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