Stichting administratiekantoor beheer financiële instellingen (NL Financial Investments, NLFI) announced today that the State's stake in ABN AMRO has dropped to under 50 percent.
NLFI is currently working on behalf of the State to reduce the stake in ABN AMRO through an ongoing trading plan, with the aim of cutting back the bank's stake to slightly under 50 percent. Details of the trading plan can be found
ABN AMRO CEO Robert Swaak: "I'm pleased to have reached this milestone in the reduction of the State's stake. We have made huge strides with the bank since the takeover in 2008. We are now a stable, solid bank with a strong focus on clients' interests, and we're supporting our clients in the transition to a sustainable economy. In this way, we are laying a healthy foundation for the further reduction of the State's shareholding."
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ABN Amro Bank NV published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 00:05:06 UTC.