The British government has divested £1.24 billion of its shares in NatWest Group, reducing its stake from 26% to 22.5% in this share sale.
NatWest repurchased 392.4 million shares from the government at a price of 316.2p per share. Since March 2024, the government has no longer held shares in NatWest. Plans are in place for the government to continue selling shares on the market until August 2025, according to Reuters.
Earlier this week, NatWest faced criticism after a significant outage of their mobile app during the UK bank holiday weekend.