Norway's $1.6 trillion sovereign wealth fund supports NatWest's plan to buy back up to 15% of UK government-owned stock within a year.

Norway's $1.6 trillion sovereign wealth fund supports NatWest's plan to buy back more UK government-owned stock. This move comes amid the UK government's efforts to privatize NatWest and have the state exit its holding completely by 2026. NatWest has asked its investors, including the sovereign wealth fund, to support a resolution allowing it to acquire up to 15% of its total stock from the government within a 12-month period, an increase from the previous limit of 5% a year.

April 18, 2024
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