UK No Longer Has Controlling Stake in NatWest After Latest Sales
A NatWest bank branch in the City of London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The UK government is no longer considered a controlling shareholder in NatWest Group Plc as it continues to hasten its exit from the lender it rescued in the financial crisis.
The government’s stake has dropped to 29.8% after it recently disposed of more shares, according to a filing on Monday. Under the country’s listing rules, dropping below the 30% level means an investor is no longer considered a controlling shareholder.