The British government is extending a trading plan to sell off NatWest Group (NWG.L41.5% )’s taxpayer holding by two years.
Last year, share sales returned the bank to majority private control after it was bailed out during the 2007-09 global financial crisis.
One of the government’s principal techniques for lowering ownership is drip-feeding subsequent sales.
When they “deliver value for money for taxpayers,” the government will consider alternative stake reduction possibilities.
On Monday, Britain’s finance minister announced that Morgan Stanley will handle the trading strategy until Aug. 11, 2025. (MS. N).
The 2021 NatWest trading plan has been extended again.
Last month’s budget reinforced NatWest’s privatization by 2026.
