Markets
UK to Weigh Retail Share Offer of NatWest Stock, Hunt Says
- Government plans to sell more of stake held since 2008 rescue
- Treasury said in May that it held 39% of NatWest voting rights
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The UK government is weighing selling shares it holds in NatWest Group Plc to retail investors for the first time, as it looks to hasten its exit from the lender it rescued in the 2008 financial crisis.
Any move would take place in the next 12 months and would be “subject to market conditions and achieving value for money,” Chancellor of the Exchequer Jeremy Hunt said on Wednesday during his Autumn Statement. The government, currently NatWest’s biggest shareholder, has already committed to dispose of its entire holding by 2025/26.