Dutch state-owned insurer ASR to be sold off in stages

aex shares stock exchange AmsterdamThe Dutch government is planning to sell nationalised insurance company ASR in several phases, possibly starting next year, finance minister Jeroen Dijsselbloem said on Friday.

ASR was nationalised in 2008 as part of the rescue package for ABN Amro and Fortis Nederland.

The state paid €3.6bn for ASR, which is currently valued at €3.2bn, Dijsselbloem said. The insurance company has generated €400m in dividends for the treasury up to 2014.

The first package of ABN Amro shares was floated on the Amsterdam stock exchange earlier this month.

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