AMSTERDAM (Reuters) -The Dutch government has lowered its stake in ABN Amro to around 30%, the lender said on Tuesday. The Dutch state had announced its intention to cut its stake last October. It
Dutch State Reduces Stake in ABN Amro to 30%
AMSTERDAM (Reuters) -The Dutch government has lowered its stake in ABN Amro to around 30%, the lender said on Tuesday.
The Dutch state had announced its intention to cut its stake last October. It held a majority of ABN Amro shares for years, but has been winding down its holding since early 2023.
With its stake falling below one-third, from 40.5% previously, the state will no longer have prior approval rights on the issuance of shares or large investments and divestments by the bank.
ABN Amro, one of three dominant banks in the Netherlands, was nationalised during the 2008 financial crisis, and re-privatised in 2015.
(Reporting by Bart Meijer; Editing by Kirsten Donovan)
