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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

UK government further reduces stake in NatWest

(Sharecast News) - The UK government further reduced its ownership of NatWest Group on Tuesday, cutting its stake to 8.9% from 9.99%, according to a regulatory filing from the bank. It marked the latest step in the government's ongoing divestment from the Edinburgh-based lender, which it bailed out during the financial crisis of 2008 and 2009.

At the height of the bailout, the government owned 84% of what was then the Royal Bank of Scotland Group.

Since then, it had gradually reduced its stake, holding 62% as recently as 2018.

NatWest was one of the most significant beneficiaries of taxpayer support during the financial crisis.

At 1359 GMT, shares in NatWest Group were up 0.79% at 384.7p.

Reporting by Josh White for Sharecast.com.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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