Movim • NatWest buys back £1bn of its shares from UK government

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NatWest buys back £1bn of its shares from UK government

news.movim.eu / TheGuardian • 11 November, 2024

Privatisation of bailed-out bank continues after plan to try offer to retail investors was abandoned

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NatWest has bought back shares worth £1bn from the UK government, as the privatisation of the bailed out bank continues after a plan to offer a chunk of the stock to retail investors was abandoned.

The government and NatWest said on Monday that the Treasury’s holding will drop from 14.2% to 11.4%, after the sale of shares at a price of about £3.81, the bank’s closing price on Friday.