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| Name | Symbol | Market | Type |
|---|---|---|---|
| NatWest Group plc | NYSE:NWG | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.10% | 10.21 | 10.245 | 10.085 | 10.12 | 1,806,678 | 23:55:29 |
From Nov 2023 to Nov 2024
By Ian Walker
NatWest Group said that the U.K. Government has reduced its shareholding to 37.97% from 38.53%.
The British lender said in a regulatory filing on Monday that His Majesty's Treasury is now interested in 13.37 billion shares.
The U.K.'s stake in the lender resulted from the government's 2008 bailout of Royal Bank of Scotland, which rebranded as NatWest in 2020. The government spent 45.5 billion pounds ($57.10 billion) of taxpayer money on the bailout and at one point owned 84% of the bank.
RBS bought NatWest in 2000.
U.K. finance chief Jeremy Hunt said last month that the government will explore selling down its stake in British lender NatWest through a retail share offer over the coming year.
Shares at 1314 GMT were down 2.20 pence, or 1.0%, at 218.30 pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 11, 2023 08:37 ET (13:37 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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