The Treasury said it plans to sell around 580 million shares in an accelerated bookbuilding process, reducing the government's stake in the lender to 54.8%.
(Reporting by Iain Withers; Editing by Susan Fenton)
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5-day change | 1st Jan Change | ||
317 GBX | +1.60% | +4.00% | +44.48% |
05-06 | UK Treasury Close to Finalizing Details of Retail Offer for NatWest Group Shares | MT |
05-06 | UK Treasury Close to Finalizing Details of Retail Offer for NatWest Group Shares | MT |
LONDON (Reuters) - The British government kicked off the sale of a further stake in taxpayer-backed NatWest Group, announcing on Monday it plans to sell a 5% stake in the lender.
The Treasury said it plans to sell around 580 million shares in an accelerated bookbuilding process, reducing the government's stake in the lender to 54.8%.
(Reporting by Iain Withers; Editing by Susan Fenton)
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