Government stake in NatWest falls to 11.4% after bank buys back £1bn of shares

NatWest has edged another step closer to returning to full privatisation after buying back £1bn of its shares from the Government (Matt Crossick/PA) - (PA Wire)

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.