Tuesday, December 24, 2024
Google search engine
HomeBusinessNatWest buys back £1bn of its shares from UK government

NatWest buys back £1bn of its shares from UK government

Privatisation of bailed-out bank continues after plan to offer to retail investors was abandoned

Business live – latest updates

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.

Continue reading…

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments