Dutch state to cut ABN Amro stake to around 20%

The Dutch state is planning to reduce its stake in ABN Amro from 30.5% to around 20%, caretaker finance minister Eelco Heinen has told MPs in a briefing. The previous reduction, earlier this year, means the state now has less influence over the bank, and ABN Amro no longer has to consult NLFI, which manages state shareholdings in ABN Amro and Volksbank, about takeovers, divestments and issuing new shares. NLFI does retain a say on remuneration strategy and has voting...