NatWest Group to sell full 11.7% stake in Permanent TSB

NatWest Group (NWG) announces its intention to sell its full shareholding in Permanent TSB (ILPMF). The selling of the shares will be by way of a placing to institutional investors. The placing is expected to comprise 63.61M of Permanent TSB’s ordinary shares, representing approximately 11.7% of the issued ordinary capital of the company. Following completion of the placing, NatWest is expected to exit its interest in Permanent TSB in full.