State stake in ABN Amro has fallen to less than a third

The Dutch state now owns less than a third of ABN Amro. Both parties have announced that the state's stake in the bank has been reduced.
The Ministry of Finance and NLFI (NL Financial Investments), the vehicle through which the Netherlands manages nationalised companies, announced in October that the state's stake in the major bank would be reduced to around 30 percent. This also has consequences for the bank.
ImplicationsABN Amro made binding agreements with the state when the bank was gradually brought back to the stock exchange in 2015. One of the conditions was that the Ministry of Finance had to approve major investments, as long as the state held more than a third of the shares. That will no longer be the case once this round of the sales process has been completed.
ABN Amro can now also decide for itself whether it wants to issue new shares. The Ministry of Finance still retains a few special rights. For example, the profile for the Supervisory Board must still be approved by the state and the government retains its right to advise on appointments to the bank's board.
RTL Nieuws