Norway wealth fund backs NatWest plan to buy more state-owned stock

STOCKHOLM -Norway's $1.6 trillion sovereign wealth fund , one of the world's largest investors, said on Thursday it would vote in favour of a proposal letting NatWest buy back more of its stock from the British government, amid efforts to speed up privatisation.

The government is steadily divesting its holding in NatWest, including through a planned sale of stock to the public as early as June, and has said it wants to exit completely by 2026. The state's holding in the bank was once as high as 84%.Norges Bank Investment Management , which operates the Norwegian fund, is one of NatWest's biggest investors, with a 3.23% stake in the British bank at the end of 2023, valued at the time at $794.3 million.

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Sovereign Wealth Fund Norges Bank Investment Management Total Stock

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