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NatWest Group ( (GB:NWG) ) just unveiled an update.
The UK Government, through His Majesty’s Treasury, has reduced its stake in NatWest Group plc to 6.98% following the disposal of 79,844,067 ordinary shares. This move is part of the government’s ongoing trading plan to gradually reduce its ownership in NatWest, which was initially increased during the financial crisis to stabilize the bank. The reduction in government ownership represents a significant step in NatWest’s return to full private ownership, impacting stakeholders by potentially increasing the bank’s appeal to private investors.
More about NatWest Group
NatWest Group plc is a major UK-based banking and financial services company, primarily involved in offering retail and commercial banking services. It serves a wide market focusing on individuals, small businesses, and large corporations across the UK and internationally.
YTD Price Performance: 11.91%
Average Trading Volume: 24,548,318
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.21B
See more data about NWG stock on TipRanks’ Stock Analysis page.
