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Investing.com -- The British government has reduced its stake in NatWest Group, selling 89 million shares in the UK-based lender on Thursday. This move has led to a change in the bank’s largest shareholder.
Previously, the government held the largest stake in NatWest, a position it acquired during a crisis-era bailout that saw its stake rise to 84% after an investment of 45 billion pounds, approximately $58.28 billion. The recent sale of shares has reduced the government’s stake to 4.82%.
Data from the London Stock Exchange Group (LON:LSEG) reveals that BlackRock (NYSE:BLK) Investment Management in the UK has taken over as the largest investor in NatWest. They currently hold a 5.72% stake in the bank. This marks a significant shift in the ownership structure of NatWest Group.
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