NatWest Group bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights
Summary
Companies Retail investors could be sold NatWest stock within 12 months
Taxpayers still own 39% of bank bailed out in financial crisis
NatWest is worst performing FTSE 100 bank stock this year
LONDON, Nov 22 (Reuters) – Britain’s finance minister Jeremy Hunt said he would explore options for a NatWest (NWG.L) share offer to the public in the next 12 months, to allow the government to reduce its stake in the bank.
The government has been slowly reducing its stake in NatWest since bailing out the lender during the 2008-9 global financial crisis, but retains around 39%. The bank was returned to majority private control last year after a string of stock sales, mainly to institutional investors.
UK to explore options for NatWest retail share offer
