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02.04 - 21:07
UK government loses controlling stake in NatWest after further 5% share sale
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fnlondon.comNatWest said on 28 March that it has agreed to buy 549.9 million of its shares from Her Majesty's Treasury for £1.21bn.
The UK bank said that the off-market share purchase represents a 4.91% stake in its issued capital and is expected to settle on March 30. The purchase price of 220.5 pence a share is the closing price on 25 March.
As a result,...
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