ABN Amro, ASR move back into Dutch stock exchange blue chip index

Photo: Depostphotos.com
Photo: Depostphotos.com

Financial stocks ABN Amro and ASR are moving back into the Amsterdam stock exchange’s blue chip AEX index after two years on the Midkap.

Stock exchange operator Euronext said on Wednesday that the two companies will go back to the AEX in the March 20 reshuffle, boosting the number of financial stocks to six.

In recent years, technology shares have come to have the upper hand on the AEX, with their number including ASML, tech investor Prosus and fintech Adyen.

ABN Amro and ASR replace light company Signify, which moves down to the Midkap and property fund Unibail, which is being delisted.

ASR’s promotion is due to last October’s €4.9 billion deal with Aegon, which boosted its shares outstanding by 8.5%.

The Dutch state is currently reducing its stake in ABN Amro bank from 56% to under 50%. ABN Amro was nationalised in 2008 in the wake of an abortive takeover at a cost of almost €17 billion.

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