UK govt cuts NatWest stake to just under 10%

(Sharecast News) - The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership. The government - which has been NatWest's largest shareholder since its £46bn bailout during the 2008 financial crisis - has trimmed its stake to 9.99% from 10.99%.

According to a regulatory filing, the Treasury disposed of just over 80.9m ordinary shares in NatWest.

Chancellor Rachel Reeves said last month that the state still plans to fully exit the bank by 2026.