Some 20% of the shares in nationalised bank ABN Amro are to be floated on the Amsterdam stock exchange on November 20, the finance ministry said on Tuesday.
The first tranche of shares will be priced at between €16 and €20 each, raising between €3bn and €3.76bn for the treasury. If demand is strong, more shares may be released, taking the total to 23%.
Some 10% of the shares have been reserved for Dutch private investors, finance minister Jeroen Dijsselbloem said.
The state expects to take two years to completely sell off ABN Amro, which was nationalised in 2008 after an abortive takeover by a consortium of three other banks. The treasury could ultimately benefit by as much as €18.8bn. However, this is just over half the cost of its rescue.
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