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An update from NatWest Group ( (GB:NWG) ) is now available.
NatWest Group plc has announced a reduction in the voting rights of His Majesty’s Treasury (HMT) from 10.99% to 9.99% following the disposal of 80,937,402 ordinary shares. This adjustment is part of HMT’s trading plan, which aims to gradually reduce its stake in the bank, potentially leading to increased market liquidity and broader shareholder distribution. The change reflects ongoing efforts by the UK government to divest its holdings in NatWest, a move that could influence the bank’s governance and strategic direction.
More about NatWest Group
NatWest Group plc is a major banking and financial services organization based in the UK, providing a range of services including personal and business banking, insurance, and wealth management. The company primarily serves customers in the UK and Ireland, focusing on providing comprehensive financial solutions to individuals and businesses.
YTD Price Performance: 99.02%
Average Trading Volume: 26,779,540
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £32.87B
Learn more about NWG stock on TipRanks’ Stock Analysis page.