LONDON (Reuters) – The British government has completed the sale of 1.1 billion pounds($1.55 billion) worth of shares in taxpayer-backed bank NatWest Group, reducing its shareholding in the lender bailed out over a decade ago in the financial crisis to under 55%.
UK Government Investments, the state-owned company that controls the shares, said the shares were priced at 190 pence, below Monday’s closing price of 197.1 pence.
($1 = 0.7084 pounds)
(Reporting by Iain Withers; Editing by Rachel Armstrong)
