NatWest buys back shares from UK government

The British government sold £1.24 billion of its shares in NatWest Group, reducing its stake in the company from 26% to 22.5%.

Thus, NatWest bought back 392.4 million shares from the government at 316.2 pence per share.

The government has not been a shareholder in NatWest since March 2024, according to Reuters. Additionally, the government aims to continue selling shares in the market until August 2025.

Earlier this week, NatWest came under fire for a major outage to its mobile app during the UK bank holiday.