Dutch state sells a further 7% of ABN Amro

abn amro contact freeThe 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%.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation