You are here: Home - News -

Treasury to sell down NatWest holding over the coming year

  • 22/07/2021
  • 0
Treasury to sell down NatWest holding over the coming year
The government has set out a 12-month plan to sell down its shareholding in NatWest Bank.


Morgan Stanley has been appointed to effect the plan, with the share sales starting from 21 August — the end of a three-month lock up period that followed a share sale in May.

Up to 15 per cent of the aggregate total trading volume in the bank’s shares will be sold over the duration of the plan.

UK Government Investments (UKGI), the entity overseeing the Treasury’s stake in NatWest, said: “Shares may not be sold under the plan below a price per share that UKGI and Treasury determine represents fair value and delivers value for money for the taxpayer.”

The Financial Times reported that the bank’s current share price remains 60 per cent lower than the average price paid by government to bail it out.

The government spent £46bn rescuing NatWest, formerly Royal Bank of Scotland, when it became caught up in the financial crisis of 2009.

UKGI still owns 54.7 per cent of NatWest’s shares.


There are 0 Comment(s)

You may also be interested in

Read previous post:
Skipton BS promotes Hunnisett to national account lead

Skipton Building Society has appointed long-serving business development manager (BDM) Rachael Hunnisett to the newly-created role of national account lead.