NatWest has edged another step nearer returning to full privatisation after buying back £1 billion of its shares from the Government. The taxpayer-backed lender said it bought 263 million shares from the Government at a price of 380.8p each, reducing the Government’s stake to around 11.4% from 14.81%, as at the end of October.

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RTÉ

Ireland

NatWest buys back £1 billion of its shares

The move has reduced the Government’s stake in NatWest to around 11.4% from 14.81%.

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The Independent

Evgeny Lebedev

London

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England

United Kingdom

Government stake in NatWest falls to 11.4% after bank buys back £1bn of shares

NatWest has bought back £1 billion worth of its own shares from Britain's government, the bank said today, as it continues its exit from state ownership following its bailout in the 2008 financial crisis.

Government of Ireland

NatWest has edged another step nearer returning to full privatisation after buying back £1 billion of its shares from the Government.

Shropshire Star

MNA Media

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Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

The taxpayer-backed lender said it bought 263 million shares from the Government at a price of 380.8p each, reducing the Government's stake to around 11.4% from 14.81%, as at the end of October

Wales Online

Reach plc

Wales

NatWest has bought back £1 billion of its shares from the government, bringing the banking group one step closer to full privatisation, more than 15 years after the financial crisis bailouts.
The taxpayer-backed bank said on Monday it had bought 263 million shares from the Treasury at a price of 380.8p a share, bringing down government ownership of NatWest from 14.81 percent to 11.4 percent.
Paul Thwaite, the chief executive of NatWest Group, sa…

The Epoch Times

Epoch Media Group

New York

United States

Government Ownership of NatWest Falls to 11.4 Percent After Bank Buys Back £1 Billion in Shares

NatWest Group Plc bought back £1 billion ($1.29 billion) of its shares from the UK government as the Treasury continues to sell down its stake in the lender.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

NatWest Buys £1 Billion of Shares as UK Continues to Exit Stake

NatWest has bought back shares worth £1bn from the UK government, as the privatisation of the bailed-out bank continues after a plan to offer a chunk of the stock to retail investors was abandoned. The government and NatWest said on Monday that the Treasury’s holding will drop from 14.2% to 11.4%, after the sale of shares at a price of about £3.81, the bank’s closing price on Friday. The government’s shareholding has reduced by more than two-thi…

Government stake in NatWest falls to 11.4% after bank buys back £1bn of shares

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