NatWest Group PLC's (LSE:NWG) government stake has been sold down to below 42%, over 14 years after it was bailed out during the global financial crisis under its previous Royal Bank of Scotland moniker.
The Treasury cut the taxpayer's shareholding to 41.84%, according to a regulatory statement from the FTSE 100-listed lender on Thursday, down from 42.95% previously.
This followed two share sales by the government last month, which trimmed the stake from just under 45%.
At the share price of just over 293p, the state's investment is currently worth £11.9bn.