SNS Reaal to be divided up and sold off

SNS Reaal, the financial services group nationalised by the Dutch government in February, should be split up and sold off, the finance ministry has told he European Commission.

The ministry has submitted a restructuring plan to the Commission which includes dividing up the banking and insurance arms and selling them as separate entities.

In particular, the insurance activities (Zwitserleven) could have a role in the ongoing consolidation of the European market, the finance ministry said.



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