UK Government Speeds Up Plans to Dispose of NatWest Stake [Yahoo! Finance]
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Source: Yahoo! Finance
taxpayer-owned stake to a negligible amount by the end of the year, according to several people familiar with the matter. Most Read from Bloomberg Elon Musk Pledges to Grow Supercharger Business He Just Decimated Biden Set to Hit China EVs, Strategic Sectors With Tariffs Ackman Scolded Over DEI Views at Closed-Door Milken Session Apple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TV Novavax Soars on $1.2 Billion Sanofi Vaccine Licensing Deal The government's plans to sell shares to the public and to institutional investors as well as the bank buying back its own stock from the UK could mean its ownership of NatWest will fall well below 10% this year, the people said, asking not to be identified discussing non-public information. The wind down would also be helped by the government's accelerated sale of shares on the open market. Whittling the stake down below 10% this year would be a lower level than was initially hoped for when Chancellor Jeremy Hunt announced
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