NatWest Group PLC (LSE:NWG) announced today that the UK government has cut its shareholding in the group to below 43%.
In a filing to the London Stock Exchange the FTSE 100-listed lender said The Commissioners of His Majesty's Treasury now held a 42.95% stake, down from 43.97% previously.
It is the second reduction this month following a further sale announced on February 3 which took the holding down from 44.98%.
Following the latest sale, The Commissioners of His Majesty's Treasury now owns 16.62bn shares, the filing showed.
The stake is worth around £45bn based on the current share price of 278p.
The UK government took control of the bank, previously known as Royal Bank of Scotland Group PLC, during the 2007-08 financial crisis.
Shares in NatWest were down 0.5% at 278.30p shortly after midday Wednesday.