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International Business Times UK
International Business Times UK
Business
Pragati Singh

UK Government Announces Plans for Further NatWest Stake Sale, Invites Public to Invest

NatWest shares closed down by 1.4 per cent at 204.2p, reflecting a year-to-date loss of 25 per cent and a current market value of £18 billion. (Credit: Reuters)

In a recent announcement during the Autumn Statement in Parliament, Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.

This move signals a significant shift as the government plans to invite the public to participate in the share offering, potentially marking a return to the privatisation approach of the 1980s.

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