Government raises £1.1 billion from sell-down of NatWest Group shareholding

This is the government’s fourth sale of its NatWest shareholding, and its second transaction in two months, bringing its level of ownership down from 59.8% to 54.8%. This sale represents further progress in the government’s plan to return institutions brought into public ownership as a result of the 2007-2008 financial crisis to private ownership.

The sale was completed by way of an overnight sale via an accelerated bookbuild, a competitive market facing process that involves selling shares to institutional investors.

The government continues to keep all options and timings under review for future sales.

Further information

• the UKGI announcement is available here: Disposal of shares in NatWest Group plc for £1.1bn in total - UK Government Investments (UKGI)