Taxpayer nets 11bn from NatWest Group stake sale
The Government has sold another tranche of shares in banking giant NatWest Group, raising £1.1 billion for the taxpayer. The Treasury has offloaded 580 million shares in NatWest at a discount price of 190p each to institutional investors, cutting its stake in the bank from 59.8% to 54.8%. Shares in NatWest closed at 197.1p on Monday, but were down 3% at 190.9p on Tuesday after the sale announcement. NatWest – […]