Reported about 1 year ago
Following the UK Labour Party's victory, a proposed retail offering of government-held shares in NatWest Group Plc is now uncertain. Stockbroker Shore Capital Group Ltd. believes the new government may not proceed with the plan initially suggested by former Chancellor Jeremy Hunt, as the current taxpayer stake in NatWest has been decreasing steadily through incremental sales. The new Chancellor Rachel Reeves faces the decision on how to handle the shareholding, valued at around £6 billion ($7.7 billion), indicating a possible shift away from the earlier Conservative-led initiative.
Source: YAHOO