From CNBC: 2024-10-15 05:13:09

The Dutch government plans to reduce its stake in ABN Amro to 30% through a trading plan. Shares traded lower at the market open and the government previously sold shares to pay off debts. ABN Amro was bailed out during the 2008 financial crisis and privatized in 2015.

The banking sector is in focus with UniCredit’s move to acquire a stake in Commerzbank. Governments are capitalizing on share rebounds to reduce holdings in banks from the financial crisis. ABN Amro was the subject of acquisition speculation last year, with reports of interest from BNP Paribas.

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