(ANSA) – ROME, JUN 22 – The British government has extended, for a further 12 months, the deadline for the sale of Natwest shares, the bank born from the ashes of the Royal Bank of Scotland which went bankrupt during the financial crisis. As Bloomberg points out despite the declarations for a reprivatization, the Tory government has had to deal with the effects of Brexit and the decline in the shares of the sector and has sold only a part of the shares. For the state holding company that now holds the 48.5% share package, the sale deadline has thus been moved to August 23, 2023. Whatever method is used, Bloomberg notes, the British Treasury will have to deal with a large capital loss given that that the shares are quoting around 220 pence.
According to the government itself, considering the resources injected into the bank in recent years, the public treasury should sell the shares for at least 407 pence in order not to suffer losses. (HANDLE).
Source: Ansa
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