Elite U.K. law firm Freshfields Bruckhaus Deringer has advised the U.K. Government’s investment arm on the sale of £1.26 billion of shares in NatWest, reducing its overall stake to 38%.
The firm was named in documents for the share sale, which Economic Secretary to the Treasury Andrew Griffith said marks “another major milestone in returning NatWest to full private ownership”. The government had originally intervened in the bank, formerly known as the Royal bank of Scotland, during the 2008 global financial crisis in a £46 billion bailout. At its height, the government owned 84 % of the bank.
