Finance

Treasury recovers £248m as it reduces its holding in Natwest from 53.96% to 52.96%

Published

Treasury recovers £248m as it reduces its holding in Natwest from 53.96% to 52.96%

By Daily Mail City & Finance Reporter

Published: | Updated:


Natwest has been majority-owned by the taxpayer since it was bailed out during the financial crisis

Natwest has been majority-owned by the taxpayer since it was bailed out during the financial crisis

The Treasury has recovered another £248million after selling a fraction of its stake in Natwest.

Stock market filings revealed the Government shaved down its holding in the bank from 53.96 per cent to 52.96 per cent on Friday.

Natwest has been majority-owned by the taxpayer since it was bailed out during the financial crisis, for £46billion.

The Government originally held an 84.4 per cent stake in Natwest, and has already lost billions of pounds on the bailout after flogging chunks of shares in 2015, 2018 and earlier this year.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

source: dailymail.co.uk