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Govt reduces stake in NatWest to less than 50 per cent as Treasury sells £1.2bn of shares
The Government has ceded its control of banking group NatWest Group for the first time since the bank – then known as Royal Bank of Scotland Group – was rescued by the Treasury during the financial crisis.
The Treasury has sold off more than £1.2bn worth of shares, taking its stake to less than 50 per cent for the first time in nearly a decade-and-a-half.
The latest sale has pushed its stake from 50.6 per cent to 48.1 per cent.
At its peak the Government owned 84 per cent of the banking group.