ABN Amro: Dutch state sells further 7% of shares.
(CercleFinance.com) - The Dutch state has cut its stake in ABM Amro from 63% to 56%, in another step to return the bank to private ownership in the future.
NL Financial Investments (NLFI), which manages the Dutch state's stake in the rescued bank, sold 65 million depositary receipts representing ordinary shares, at a price of 23.50 euros per share.
ABN Amro said in a statement on Friday that NLFI had previously expressed its intent to divest its remaining stake in the bank over time.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
NL Financial Investments (NLFI), which manages the Dutch state's stake in the rescued bank, sold 65 million depositary receipts representing ordinary shares, at a price of 23.50 euros per share.
ABN Amro said in a statement on Friday that NLFI had previously expressed its intent to divest its remaining stake in the bank over time.
Copyright (c) 2017 CercleFinance.com. All rights reserved.