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British Government Sells £420 Million of NatWest Shares

A NatWest Group Plc bank branch in London, U.K.
A NatWest Group Plc bank branch in London, U.K.Photographer: Luke MacGregor/Bloomberg

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The U.K. government has sold 170.4 million shares in NatWest Group Plc -- worth about 420 million pounds ($580 million) at current prices -- since November, continuing to cut the majority stake it acquired during the financial crisis.