The Business Times

Netherlands to sell part of its stake in lender ABN Amro

    • ABN Amro was re-privatised in 2015, after a government bailout during the 2008 financial crisis, but the Dutch state still owns 56 per cent of its shares and has not sold any since September 2017.
    • ABN Amro was re-privatised in 2015, after a government bailout during the 2008 financial crisis, but the Dutch state still owns 56 per cent of its shares and has not sold any since September 2017. PHOTO: REUTERS
    Published Fri, Feb 10, 2023 · 04:40 PM

    THE Dutch state said on Friday (Feb 10) it intends to sell part of its shares in lender ABN Amro, reducing its stake to just under half.

    The state said the sale of shares would be started by Citigroup Global Markets Europe in the coming days for an undisclosed minimum price.

    ABN Amro shares opened trading up 0.6 per cent at 16.65 euros in Amsterdam on Friday.

    They rose to their highest level in three years earlier this week, as the bank announced a new share buyback helped by stronger-than-expected fourth-quarter earnings.

    ABN Amro was re-privatised in 2015, after a government bailout during the 2008 financial crisis, but the Dutch state still owns 56 per cent of its shares and has not sold any since September 2017. REUTERS

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