Britain sold 1.26 billion pounds ($1.59 billion) of NatWest shares on Monday, lowering its ownership to 38.6%.
“Today’s sale is another major milestone in returning NatWest to full private ownership as promised,” Treasury economic secretary Andrew Griffith said.
After bailing out NatWest in 2008, Britain owned 84% of the bank at its height.
The government stated the transaction would reduce the Treasury’s voting rights in the company from 41.4% to 38.6%.
