Fabrib
Forumer storico
The Dutch government cut its stake in ABN Amro Bank NV to just below 50% through a sale of depositary receipts, ending a five-year hiatus in its disposal of the lender’s shares.
NLFI, the state body that holds the stake in the bank, conducted the sale through a trading plan that was announced in February and executed by Citigroup Global Markets Europe, according to a statement Monday. Before the sale, the government held a stake of 56.3% in the lender, split into 49.9% shares and 6.4% depositary receipts.
NLFI, the state body that holds the stake in the bank, conducted the sale through a trading plan that was announced in February and executed by Citigroup Global Markets Europe, according to a statement Monday. Before the sale, the government held a stake of 56.3% in the lender, split into 49.9% shares and 6.4% depositary receipts.