NatWest buys back £1 billion in shares, further reducing UK government's stake to 11.4%.

NatWest has bought back £1 billion worth of shares from the UK government, reducing the government's stake in the bank from 14.81% to 11.4%. This is the second buyback this year, totaling £2.2 billion in repurchased shares. The government's stake has been reduced by more than two-thirds since December 2020, falling from 38% to 11.4%. NatWest received multibillion-pound bailouts during the 2008 financial crisis, resulting in the government owning up to 84% of the bank. The Treasury plans to fully privatize NatWest by 2025 or 2026.

November 11, 2024
41 Articles

Further Reading