Dutch Government Plans to Cut ABN Amro Stake to 10.5% From 20.7%
The Netherlands plans to further unwind its financial crisis-era stake in ABN Amro Bank NV.
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Oct 7 (Reuters) — ABN Amro said on Wednesday the Dutch government would reduce its stake in the bank to 10.5% from 20.7% by selling certificates of shares, under a fifth trading plan aimed at further cutting the state's holding. The lender said its relationship agreement with the Dutch state's investment vehicle NLFI, which grants it certain information rights, would be terminated once the government's stake falls below 10%. (Reporting by Jakob Van Calster in Gdansk, editing by Milla Nissi-Prussak) ((jakob.vancalster@thomsonreuters.com)