You are here: Home - Saving-Banking - News -

Government reduces stake in NatWest in £1.26bn share disposal

Written by: Shekina Tuahene
The Government has sold around £1.26bn of Natwest shares, reducing its stake to approximately 38.6 per cent.

This marks the move to return the bank to private ownership 14 years after it was brought under the control of the government to protect its financial position after the 2008 global financial crisis. At its peak, the Government held an 84 per cent stake in the bank. 

This is the sixth block sale and was conducted via a directed buyback agreement.  

Last month, the Government announced that the plan to return NatWest to private ownership had been extended by two years with a closing date of August 2025. 

It was originally meant to be released from Government ownership in August of this year. 

The Government said it will only dispose of its share in NatWest when it represents value for money for the taxpayer and market conditions allow. 

UK Government Investments and HM Treasury will consider other options to dispose of its shares, including an accelerated bookbuild which is when shares are offered to the market for a short period of time with little to no marketing. 

Andrew Griffith, economic secretary to the Treasury, said: “Today’s sale is another major milestone in returning NatWest to full private ownership as promised. The Government has now sold well over half of its shareholding.” 

NatWest was one of the nation’s big banks which were bailed out by the Treasury during the financial crisis in 2007-8.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week