The government has given up control of NatWest a decade and a half after rescuing the bank — then known as Royal Bank of Scotland — during the financial crisis
The Treasury said it had sold £1.2 billion worth of shares in the bank to NatWest, taking its stake from 50.6 per cent to 48.06 per cent of the bank.John Glen, the economic secretary to the Treasury, said: “This sale means that the government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector.”
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