Politics

UK government cuts NatWest stake by £1bn

NatWest bought a £1bn stake in itself from the U.K. government.
NatWest bought a £1bn stake in itself from the U.K. government. Photo: Agence France-Presse/Getty Image

The British government on 11 November said it further trimmed its crisis-era investment in UK bank NatWest.

The government said it has sold a stake in NatWest worth £1bn back to the lender, taking its stake down to 11.4% from 14.2% at 8 November’s closing price of 380.80 pence per share.

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