(Reuters) -The Netherlands has cut its stake in lender ABN AMRO to about 20% from 30.5% previously, the body managing the Dutch state's financial interests said on Tuesday. The Dutch government had
Dutch state cuts stake in ABN Amro to around 20%
(Reuters) -The Netherlands has cut its stake in lender ABN AMRO to about 20% from 30.5% previously, the body managing the Dutch state's financial interests said on Tuesday.
The Dutch government had lowered its stake in ABN Amro to around 30% in May.
ABN Amro, one of the three leading banks in the Netherlands, was nationalized during the 2008 financial crisis and subsequently re-privatized in 2015.
The move is part of a trading plan aimed at reducing the state's stake in the bank. The latest sale follows three prior sell-offs since ABN AMRO's IPO in November 2015.
(Reporting by Olivier Cherfan in Gdansk; Editing by Matt Scuffham)
