The government and NatWest said yesterday that the Treasury's holding would drop from 14.2% to 11.4%, after the sale of shares at a price of about £3.81, the bank's closing price last Friday. The government's shareholding has dropped by more than two-thirds from about 38% in December 2023.
The sale means the government has now recouped more than £20bn from the sale of shares that it has held since a £46bn bailout in 2008 during the financial crisis, when the Treasury was forced to step in to prevent the bank, then called Royal Bank of Scotland, from going under. The government owned 84% of NatWest when it was part-nationalised.
Bu hikaye The Guardian dergisinin November 12, 2024 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin November 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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