The Dutch state’s stake in ABN Amro bank is now under 50%, the finance ministry has confirmed, 15 years after its nationaliation.
Finance minister Sigrid Kaag said in February the state’s shareholding would be reduced from 56% to under 50% this year.
ABN Amro was nationalised in 2008 in the wake of an abortive takeover at a cost of at least €17bn. The Financieele Dagblad estimates that ABN Amro has generated at least €5.2 billion in dividends for the treasury since the bank was nationalised.
NFLI, the state agency which manages the shares, said the sale is still ongoing and that the market will be informed when the trading plan comes to a close.
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