Dutch government to reduce its stake in ABN Amro by a quarter

Published On Oct 15, 2024, 4:25 AM

The Dutch government has announced it will cut its stake in ABN Amro from 40.5% to 30%. This decision is part of a structured trading plan executed by Barclays Bank Ireland. The move reflects a trend where governments are capitalizing on a rebound in bank shares after the financial crisis, illustrated by similar actions from the UK and German governments with their respective banking holdings. ABN Amro's shares experienced a slight dip in the market following the announcement.