NatWest has a new American shareholder as UK Govt is selling down
Capital Group, an American investment firm, acquired over £110 million in shares of NatWest Group (LSE:NWG).
It comes as the UK government’s stake (acquired through the $46bn bank bailout in the 2008 crisis) was reduced to less than 27%.
The UK aims to exit its holding, to fully reprivatize the bank, either by 2025 or 2026. By the end of the year its expected to have less than 10%.
According to reports, the American’s transaction came after the UK government’s sale.
