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Evening Standard
Evening Standard
Business
Holly Williams

NatWest accelerates privatisation with £1 billion share buyback from Government

NatWest NatWest Group Paul Thwaite

NatWest has edged another step nearer returning to full privatisation after buying back £1 billion of its shares from the Government.

The taxpayer-backed lender said it bought 263 million shares from the Government at a price of 380.8p each, reducing the Government’s stake to around 11.4% from 14.81%, as at the end of October.

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