ABN Amro sale set to raise up to €19bn: FD
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The sale of part of nationalised bank ABN Amro will raise between €17bn and €19bn, well above the government’s estimate of €15bn, the Financieele Dagblad says on Friday.
Finance minister Jeroen Dijsselbloem said the sale would generate €15bn for the treasury when he announced plans to press ahead with the IPO in May. However, the minister has deliberately kept expectations low, sources close to the launch told the paper.
The official announcement of the IPO is expected within the next two weeks, to be followed two weeks later by the prospectus, including the share price bandwidth.
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