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Dutch state to reduce stake in ABN Amro to 63% from 70%

The Dutch government plans to gradually sell the state's stake in ABN down to zero
The Dutch government plans to gradually sell the state's stake in ABN down to zero

The Dutch state has announced plans to sell down its stake in ABN Amro bank from 70% to 63%. 

The Netherlands nationalised the Dutch parts of ABN Amro and former Fortis of Belgium during the 2008 financial crisis.

It then partially reprivatised it via a 2015 initial public offering of shares. 

The NL Financial Investments agency, which oversees Dutch government investments, plans to gradually sell the state's stake in ABN down to zero.