NatWest’s Govt share-sale expected to stall for the election
NatWest Group's (LSE:NWG) full return to public ownership may end up in the ‘deep freeze’ now that the UK is in election mode, that’s according to reports.
The British government had been scheduled to sell off the 26.25% NatWest that it still owns following the bail-outs following the 2008 financial crisis.
As recently as March, Chancellor of the Exchequer Jeremy Hunt said that the UK was on-track to complete the planned share sales before the end of 2024.
Those plans will now apparently be disrupted by the election campaigns and potential changes to government.
The UK government’s remaining shareholding is presently worth around £7.3 billion.
