UK government sells £1.26 billion tax stake in NatWest


The UK government has sold back £1.26 billion of its stake in Natwest to the banking company.

It is the latest in a string of UK Government Investments share sales as the state seeks to reduce its stake in the bank following a nearly £46 billion bailout during the 2008 financial crisis.

The recent sale will see the government’s minority stake drop from around 41% to 38.69%.

The shares were sold to the bank at Friday’s closing price of 268.4p each, giving the company a current market value of around £25.4bn. UK government sells £1.26 billion tax stake in NatWest

Sportsasff is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button