15th May 2025 11:16
NatWest Group PLC - Edinburgh-based bank - Says the UK Treasury has 0.90% stake in NatWest as of Wednesday, down from 1.98% previously. This follows the sale of 87.2 million shares since May 1, when the UK government stake was down from 2.99%. 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 the 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 since been progressively cutting this down. Read More