UK Government Asks City Firms for NatWest Share Sale Pitches.

The UK government has requested proposals from City of London firms to potentially work on a retail offering of NatWest Group Plc shares, which would be the country's most high-profile privatization this year. The government, as NatWest's largest shareholder, plans to divest a portion of its stake, with the announcement of the share sale expected to coincide with the budget on March 6. The government has hired Barclays Plc to work on the possible retail offer, and if the sale proceeds, it would likely involve a combination of a retail offer to the public and an offer to institutional investors. The government aims to encourage investment in equity and attract more funds to UK shares as part of its efforts to revitalize London's stock market and boost UK growth. [Extracted from the article]