Third selldown since 2008 bailout reduces taxpayers’ stake in bank to 59.8%
The UK taxpayers’ stake in NatWest has been reduced after the government sold £1.1bn of shares in the bank, which was bailed out during the financial crisis more than a decade ago.
The government’s stake in NatWest, formerly known as Royal Bank of Scotland, fell to 59.8% from 61.7% after it sold 591m shares back to the bank at 190.5p a share in an off-market deal authorised by the chancellor, Rishi Sunak, and managed by UK Government Investments.