UK government sells £1.26bn of NatWest shares, taking stake below 40%
by Mark Sweney and Kalyeena Makortoff from World news | The Guardian on (#6BV3D)
State bailed out lender, formerly known as RBS Group, in near-46bn deal during 2008 financial crisis
The UK government has sold a 1.26bn stake in NatWest, taking the state's shareholding below 40% for the first time since the bank's emergency bailout in 2008.
It marks the sixth block sale of NatWest shares since the financial crisis, and brings the government one step closer to returning NatWest to full private ownership.
Continue reading...