British Government to sell £1.26bn stake in NatWest, bringing state ownership to under 40%
05/22 13:20
The British Government is selling £1.26bn ($1.6bn) worth of its stake in NatWest, reducing its bank ownership to under 40% and bringing the lender closer to full private ownership. This move is a significant milestone towards the bank's full privatization, which began with its £46bn bailout during the 2008 financial crisis. Despite the shares selling at a price well below what the government paid in 2008, this development indicates NatWest's journey back to profitability, aided by the Bank of England's interest rate hikes to curb inflation. The continued reduction of government ownership amidst market volatility illustrates the positive trajectory for NatWest towards full privatization.
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