Dutch state sells a further 7% of ABN Amro
The Dutch government has sold a new packet of ABN Amro shares taking its stake down to 70%. The sale of 65 million shares at €20.40 each will generate €1.3bn for the treasury.
The transaction is due to be settled on November 21, a year and a day after the state sold the first 23%.
ABN Amro was nationalised in 2008 as part of a rescue operation following its disastrous takeover by a banking combine led by RBS.
The bank on Wednesday said its third quarter underlying net profit was up 19%.
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