IN BRIEF: UK government sells down shareholding in NatWest to below 4%
NatWest Group PLC - Edinburgh-based bank - UK Treasury has 3.95% stake in NatWest as of Monday, down from 4.82% previously, NatWest says in a stock exchange filing on Tuesday. The new holding follows the sale of 69.9 million shares since the last filing on March 13, when the UK government stake was down from 5.93%. The share sales are part of a trading plan that has been in place since July 2021. The government at one point had owned 84% of NatWest following a taxpayer bailout of what was then Royal Bank of Scotland Group during the financial crisis of 2008 and 2009. As recently as 2018, the Treasury held a 62% stake in NatWest, but it has been selling this down progressively since. Read More