NatWest Reclaims £1 Billion Stake from the UK Government

Foreks - NatWest Group completed its second buyback of the year by repurchasing approximately £1 billion worth of shares held by the British government.
The leading UK bank announced on Friday that it bought back around 260 million shares at a closing price of 380.8 pence on the London Stock Exchange.
NatWest CEO Paul Thwaite stated that the transaction represents another milestone on the bank's path to full privatization and reflects the company's ongoing strong performance.
The government rescued the bank during the financial crisis that began in 2008 and had been reducing its stake as part of a plan to return it to private ownership.
The shares purchased represent 3.16% of the company’s issued share capital.
In a separate statement from the government, it was noted that the government's percentage of voting rights would decrease from 14.2% to approximately 11.4%.