LONDON (Reuters) – NatWest has bought back 1 billion pounds ($1.29 billion) worth of its own shares from Britain’s government, the bank said on Monday, as it continues its exit from state ownership following its bailout in the 2008 financial crisis .
UKGI, which manages the government’s stake in the bank, said as a result of the transaction the government’s ownership would fall from around 14% of the company to around 11%.
($1 = 0.7739 pounds)
(Reporting By Lawrence White; Editing by Jan Harvey)
