UK Government Cuts NatWest Stake to 43.97% Vs 44.98%
03 February 2023 - 10:31PM
Dow Jones News
By Ian Walker
NatWest Group PLC said Friday that the U.K. Government has
reduced its shareholding in the company to 43.97% from 44.98%
previously.
In a regulatory filing the British bank said The Commissioners
of His Majesty's Treasury now owns 17.02 billion shares. The stake
is worth 52.74 billion pounds ($64.47 billion) based on Thursday's
closing price of 309.90 pence.
The U.K. government took control of the bank--previously known
as Royal Bank of Scotland Group PLC--during the 2007-08 financial
crisis.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 03, 2023 06:16 ET (11:16 GMT)
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