The state plans to sell more ABN Amro shares. This was announced by NLFI, the manager of the bank’s state shares. Stocks are traded through a trading system managed by Citigroup.
The maximum number of shares that can be sold reduces the state’s share to just under 50 percent. It’s still 56 percent now.
In 2008, after the bank faced financial difficulties, the state acquired the Dutch division of ABN Amro for €16.8 billion. The shares have been gradually sold since 2015, most recently in the summer of 2017. Minister Kaag announced last year that the cabinet wanted to continue sales.
Citigroup has been instructed that shares cannot be sold below a certain price. The trading schedule will come into effect in the coming days and will end when the maximum share sale is achieved.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
