Reported 13 days ago
NatWest Group Plc has repurchased £1 billion ($1.29 billion) of its shares from the UK government, reducing the government's stake in the lender from 14.2% to about 11.4%. This buyback is part of the government's ongoing effort to divest its stake in NatWest, which was approximately 38% at the end of 2023. The transaction marks NatWest's second directed buyback within a year and supports its goal of full privatization. Following the news, NatWest's shares rose significantly.
Source: YAHOO