NatWest Stock Sale Prep Moves Ahead as Government Taps Brokers
- UK has asked brokers to sign non-disclosure agreements
- Share offer would further reduce state’s holding in the bank
The UK government has been NatWest’s biggest shareholder since the 2008 financial crisis.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The UK has opened talks with brokers including Hargreaves Lansdown Plc and AJ Bell Plc about helping to sell the state’s shares in NatWest Group Plc to retail investors.
The government has asked firms to sign non-disclosure agreements and the talks are in their early stages, according to people familiar with the matter, who are not authorized to speak publicly. The retail sale, which Chancellor of the Exchequer Jeremy Hunt announced last year, is expected to be confirmed in the Budget on March 6.