UK government abandons NatWest public stake sale due to value concerns, planning to exit shareholding by 2026.
The UK government has officially scrapped plans to sell its stake in NatWest to the public, with Chancellor Rachel Reeves stating that it would not represent value for money. The decision comes after Reeves concluded that a retail share sale would involve significant discounts that could cost taxpayers hundreds of millions of pounds. The government still plans to exit its shareholding in NatWest by 2026.
July 29, 2024
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