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The Dutch government said on Tuesday it would reduce its stake in ABN Amro by a quarter to 30% in a deal.
Shares in the Dutch bank fell 1.2% at the open and were last down 0.6% as of 9:15am London time.
The Dutch government, which currently holds 40.5% of ABN AMRO Bank, announced through its investment vehicle NLFI that it will sell shares through a pre-arranged transaction plan executed by Barclays Ireland Bank.
Dutch banks receive state bailout during crisis 2008 financial crisis Privatization followed in 2015.
Recently, the banking industry has been in the spotlight. UniCredit Bankof Take action to invest lenders in germany Commerzbank It has raised questions about cross-border mergers and acquisitions in Europe and the lack of a complete regulatory system. banking union in the area.
Governments have been taking advantage of the rebound in stock markets to sell stakes in banks they took over during the financial crisis. The British and German governments have both taken action this year to reduce their respective stakes nativ westminster bank and Commerzbank.
This breaking news story is being updated.
