NatWest Group Buys Back £1 Billion Shares, Accelerating Full Privatization and Reducing Government Stake to 11.4%

Nov 11, 2024, 08:41 AM

NatWest Group has repurchased £1 billion of its shares from the UK government, marking a significant step towards full privatization of the lender. This buyback reduces the government's stake in NatWest to 11.4%. The move is part of the Treasury's ongoing strategy to divest its holdings in the bank, which was partially nationalized during the financial crisis of 2008. The share repurchase reflects NatWest's efforts to return to full private ownership as the UK government continues to sell down its interest in the bank.