UNITED STATES<\/p>\n
SECURITIES AND EXCHANGE COMMISSION<\/p>\n
WASHINGTON, D.C. 20549<\/p>\n
\n\u00a0<\/p>\n
FORM 6-K<\/p>\n
\n\u00a0<\/p>\n
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
\n15d-16<\/p>\n
UNDER THE SECURITIES EXCHANGE ACT OF 1934<\/p>\n
\n\u00a0<\/p>\n
July, 2026<\/p>\n
\n\u00a0<\/p>\n
Commission File Number 001-10306<\/p>\n
\n\u00a0<\/p>\n
NatWest Group plc<\/p>\n
\n\u00a0<\/p>\n
250 Bishopsgate,<\/p>\n
London, EC2M 4AA<\/p>\n
United Kingdom<\/p>\n
\n(Address
\nof principal executive offices)<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\nIndicate
\nby check mark whether the registrant files or will file annual
\nreports under cover of Form 20-F or Form 40-F.<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
Form 20-F \u2612<\/p>\n
\u00a0<\/p>\n
Form 40-F \u2610<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
\nThe
\nfollowing information was issued as Company announcements in
\nLondon, England and is furnished pursuant to General Instruction B
\nto the General Instructions to Form 6-K:<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
1 July 2026<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n
NatWest Group announces the completion of the acquisition of Evelyn
\nPartners<\/p>\n
\u00a0<\/p>\n
NatWest Group plc (“NatWest Group” or “Group”) is pleased to
\nannounce that the acquisition of Evelyn Partners for\u00a0\u00a32.7
\nbillion\u00a0enterprise value (the “Transaction”) completed on 30
\nJune 2026.<\/p>\n
\u00a0<\/p>\n
The Transaction creates the\u00a0UK’s\u00a0leading Private Banking
\nand Wealth Management (“PBWM”) business. At the end of 2025, Evelyn
\nPartners had \u00a369 billion of Assets Under Management and
\nAdministration (“AUMA”) which, combined with NatWest Group’s
\n\u00a359 billion at that date, would have brought total AUMA to
\n\u00a3127 billion and total Customer Assets and Liabilities (“CAL”)
\nto \u00a3188 billion, or c.20% of Group CAL.<\/p>\n
\u00a0<\/p>\n
It transforms NatWest Group’s financial planning and investment
\nmanagement capabilities and accelerates the Group’s strategy,
\nincreasing fee income by c.20% pre-revenue synergies, and boosting
\nexposure to the structurally higher growth UK wealth market,
\ndriving higher returns.<\/p>\n
\u00a0<\/p>\n
Commenting on the completion of the acquisition, NatWest Group CEO,
\nPaul Thwaite, said<\/p>\n
\u00a0<\/p>\n
“Today marks an important step as we bring together two leading
\nbusinesses and accelerate the delivery of our strategy, at a time
\nwhen the benefits of saving and investing are increasingly part of
\nthe national conversation.<\/p>\n
\u00a0<\/p>\n
“This is a unique opportunity for the Group,\u00a0delivering
\nunmatched scale and capabilities in a market with considerable
\ngrowth potential. Our new colleagues at Evelyn Partners bring with
\nthem long-standing, trusted client relationships and
\nindustry-leading expertise in financial planning and investment
\nmanagement.<\/p>\n
\u00a0<\/p>\n
“Together, we are now the UK’s leading Private Banking and Wealth
\nManagement business. As a result, we will offer a broader range of
\nproducts, services and advice to over 20 million customers, helping
\nthem to make more of their money and invest with confidence. This
\nwill help us drive\u00a0further\u00a0growth
\nand investment across the economy, as well as delivering higher
\nreturns to shareholders.”<\/p>\n
\u00a0<\/p>\n
Chris Kenny, CEO of Evelyn Partners, commented:<\/p>\n
\u00a0<\/p>\n
“I am delighted that we have reached this significant milestone for
\nEvelyn Partners and, most importantly, for our clients. Becoming
\npart of NatWest Group strengthens our ability to support them over
\nthe long term, while preserving the personal relationships, trusted
\nadvice and investment expertise that they value from Evelyn
\nPartners. This is an exciting opportunity for our people to build
\non what we do best, combining our strengths with those of our new
\ncolleagues at NatWest Group to deliver even greater value for
\nclients, both now and in the years ahead.”<\/p>\n
\u00a0<\/p>\n
Emma Crystal, CEO of Private Banking & Wealth Management at
\nNatWest Group, added:<\/p>\n
\u00a0<\/p>\n
“This is a pivotal moment for our combined business, bringing
\ncomplementary capabilities and scale to the expertise and service
\nthat we offer our clients. We look forward to working alongside our
\nnew colleagues, putting financial planning and investment
\nmanagement in the hands of more people, right across the UK,
\nwhether they are experienced investors or taking their first steps
\nto build their financial futures.”<\/p>\n
\u00a0<\/p>\n
NatWest Group expects the combination to create material
\nshareholder value, including estimated annual run-rate cost
\nsynergies of approximately \u00a3100 million, with costs to achieve
\nof approximately \u00a3150 million. The Group also expects to
\ndeliver significant revenue synergies by combining Evelyn Partners’
\nfinancial planning and investment management capabilities,
\nincluding the Bestinvest platform, with NatWest Group’s banking,
\nsavings and wealth management services. The transaction is expected
\nto be accretive to NatWest Group’s growth and Return on Tangible
\nEquity in the first year of ownership.<\/p>\n
\u00a0<\/p>\n
As the integration progresses, the Group is committed to ensuring a
\nseamless experience for customers and clients of the combined
\nbusiness, enabling access to a wider range of products, services
\nand channels. There are no immediate changes to the service
\ncustomers and clients receive, and no action is required. We look
\nforward to engaging further as the integration
\nprogresses.<\/p>\n
\u00a0<\/p>\n
Additional information<\/p>\n
\u00a0<\/p>\n
\n\u25cf<\/p>\n
NatWest
\nGroup will consolidate Evelyn Partners from 30 June 2026. More
\ndetails about the impact on Group Full Year 2026 guidance will be
\ngiven at the 2026 Interim Results on 31 July 2026.<\/p>\n
\n\u25cf<\/p>\n
As previously announced, the Transaction is
\nexpected to reduce NatWest Group’s CET1 ratio by c.130 basis
\npoints, based on the expected capital position at 31 December 2026,
\nproforma for Risk-Weighted Assets on 1 January
\n2027.\u00a0This
\nincludes a CET1 capital deduction of c.\u00a32.7
\nbillion1,
\noperational Risk Weighted Assets of c.\u00a31 billion recognised
\nupon completion and c.\u00a340 million of transaction costs,
\nincluded in H1 2026 Other operating expenses.<\/p>\n
\n\u25cf<\/p>\n
On
\n1 June 2026, it was announced by Evelyn Partners that Chris Kenny
\nhad been appointed CEO of Evelyn Partners with effect from the
\ncompletion of the Transaction, reporting to Emma
\nCrystal.<\/p>\n
\u00a0<\/p>\n
1. The CET1 capital deduction relates to the recognition of
\ngoodwill and intangible assets and is subject to finalisation of
\nthe purchase price allocation under IFRS 3.<\/p>\n
\u00a0<\/p>\n
Investor Relations<\/p>\n
\u00a0<\/p>\n
Claire Kane<\/p>\n
\u00a0<\/p>\n
Director of Investor Relations, NatWest Group<\/p>\n
\u00a0<\/p>\n
\u00a0+44 (0) 20 7672 1758<\/p>\n
\u00a0<\/p>\n
Media Relations<\/p>\n
\u00a0<\/p>\n
\u00a0+44 (0) 7557 316 540<\/p>\n
\u00a0<\/p>\n
Legal Entity Identifiers<\/p>\n
\u00a0<\/p>\n
NatWest Group plc: 2138005O9XJIJN4JPN90<\/p>\n
\u00a0<\/p>\n
National Westminster Bank plc: 213800IBT39XQ9C4CP71<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Caution about forward-looking statements<\/p>\n
\u00a0<\/p>\n
This document contains forward-looking statements within the
\nmeaning of the United States Private Securities Litigation Reform
\nAct of 1995, such as statements with respect to NatWest Group’s
\nfinancial condition, results of operations and business, including
\nits strategic priorities, financial, investment and capital
\ntargets, and climate and sustainability-related targets,
\ncommitments and ambitions described herein. Statements that are not
\nhistorical facts, including statements about NatWest Group’s
\nbeliefs and expectations, are forward-looking statements. Words,
\nsuch as ‘expect’, ‘estimate’, ‘project’, ‘anticipate’, ‘commit’,
\n‘believe’, ‘should’, ‘intend’, ‘will’, ‘plan’, ‘could’, ‘target’,
\n‘goal’, ‘objective’, ‘may’, ‘outlook’, ‘prospects’ and similar
\nexpressions or variations on these expressions are intended to
\nidentify forward-looking statements. In particular, this document
\nmay include forward-looking statements relating , but not limited
\nto: NatWest Group’s outlook, guidance and targets (including in
\nrelation to RoTE, total income, other operating expenses, loan
\nimpairment rate, capital generation pre-distributions, customer
\nassets and liabilities growth rate, cost-income ratio, CET1 ratio,
\nRWA levels and payment of dividends), its financial position,
\nprofitability and financial performance, the implementation of its
\nstrategy, its access to adequate sources of liquidity and funding,
\nits regulatory capital position and related requirements, its
\nimpairment losses and credit exposures under certain specified
\nscenarios, substantial regulation and oversight, ongoing legal,
\nregulatory and governmental actions and investigations.
\nForward-looking statements are subject to a number of risks and
\nuncertainties that might cause actual results and performance to
\ndiffer materially from any expected future results or performance
\nexpressed or implied by the forward-looking statements. Factors
\nthat could cause or contribute to differences in current
\nexpectations include, but are not limited to, future growth
\ninitiatives (including acquisitions, joint ventures and strategic
\npartnerships), the outcome of legal, regulatory and governmental
\nactions and investigations, the level and extent of future
\nimpairments and write-downs, legislative, political, fiscal and
\nregulatory developments, accounting standards, competitive
\nconditions, technological developments such as artificial
\nintelligence, interest and exchange rate fluctuations, general
\neconomic and political conditions and uncertainties, exposure to
\nthird party risk, operational risk, conduct risk, cyber, data and
\nIT risk, financial crime risk, key person risk and credit rating
\nrisk and the impact of climate and sustainability-related risks and
\nthe transitioning to a net zero economy. These and other factors,
\nrisks and uncertainties that may impact any forward-looking
\nstatement or NatWest Group plc’s actual results are discussed in
\nNatWest Group plc’s 2025 Annual Report and Accounts on Form 20-F,
\nNatWest Group’s Interim Management Statement for Q1 2026, and its
\nother public filings. The forward-looking statements contained in
\nthis document speak only as of the date of this document and
\nNatWest Group plc does not assume or undertake any obligation or
\nresponsibility to update any of the forward-looking statements
\ncontained in this document, whether as a result of new information,
\nfuture events or otherwise, except to the extent legally
\nrequired.<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
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\n\u00a0<\/p>\n
SIGNATURE<\/p>\n
\n\u00a0<\/p>\n
\nPursuant
\nto the requirements of the Securities Exchange Act of 1934, the
\nregistrant has duly caused this report to be signed on its behalf
\nby the undersigned, thereunto duly authorized.<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
NatWest Group plc<\/p>\n
\n(Registrant)<\/p>\n
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\u00a0<\/p>\n
\u00a0<\/p>\n
\nDate:<\/p>\n
\n01 July
\n2026<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\nBy:<\/p>\n
\n\/s\/
\nMark Stevens<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
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\u00a0<\/p>\n
\u00a0<\/p>\n
\nName:<\/p>\n
\nMark
\nStevens<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\nTitle:<\/p>\n
\nAssistant
\nSecretary<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 \u00a0 FORM 6-K \u00a0 REPORT OF FOREIGN PRIVATE ISSUER…\n","protected":false},"author":2,"featured_media":67069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21386],"tags":[33684,33685,33686,33682,7955,8176,22120,22818,33683],"class_list":["post-74185","post","type-post","status-publish","format-standard","has-post-thumbnail","category-natwest","tag-auma-127-billion","tag-cet1-ratio-130-basis-points","tag-cost-synergies-100-million","tag-evelyn-partners-acquisition","tag-natwest","tag-natwest-group","tag-nwg","tag-return-on-tangible-equity","tag-uk-wealth-management"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116844932930463599","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/74185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=74185"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/74185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/67069"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=74185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=74185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=74185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}