By Michael RaceBusiness reporter, BBC News
Getty ImagesThe sale of shares in NatWest to the general public could happen as early as June, UK Government Investments (UKGI) has confirmed.
The Treasury still owns 35% of the bank since it bailed it out to the tune of £46bn during the 2008 financial crisis.
But UKGI, the company responsible for government investments, has been exploring a share sale since the chancellor announced plans last year.
Jeremy Hunt has said any sale would need to achieve “full value for money”.
On Tuesday, Holger Vieten, who is in charge of selling the government’s shares in NatWest, told MPs on the Treasury Select Committee that the process “potentially could happen” as early as June.
“The very earliest could be around summer time, but we don’t have an exact date,” the UKGI director said.
Since NatWest, previously known as Royal Bank of Scotland, was bailed out in 2008, the government has been gradually reducing its…
