The Dutch government is reselling some of its shares in ABN Amro. It is planned to sell another 9.5 percent of the shares in the coming period. This reduces the state share in ABN Amro to 40 percent.
The shares will be sold through a division of Bank of America Merrill Lynch. It is noteworthy that the country stated in a press release that additional shares could be sold within the scope of this process.
In the press release made by NLFI, which has been a shareholder of ABN Amro and Volksbank on behalf of the government since the credit crisis, it was said: “It will be stopped if other sales options arise.” For example, the sale is open to those who want to buy large shares, but ABN Amro can also buy back its own shares.
In September, the government sold ABN Amro shares for the first time in years. Fifteen years later, the state’s share in the bank fell below 50 percent for the first time. Finance Minister Kaag reported in October that the Treasury would likely suffer losses due to the nationalization of ABN Amro. For a long time, the bank’s shareholding was lower than when it went public.
Source: NOS
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