NatWest Undergoes Full Privatization After UK Government Sells Final Stake

MT Newswires Live
31 May

NatWest Group (NWG) said Friday it returned to full private ownership after the UK government sold its remaining stake in the group to end a 17-year state ownership since the global financial crisis.

The UK Treasury owned 84.4% of NatWest after a taxpayer bailout in 2008 and 2009. The government's shareholding was reduced in the following years via several accelerated book builds and share buyback plans, the lender said.

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