The Dutch government is looking to further reduce its stake in local lender ABN Amro under a fifth trading plan.
NLFI, the depositary receipt holder of the state’s interest in ABN Amro, has confirmed its intention to sell depositary receipts in the bank through the trading plan.
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A pre-arranged share-disposal schedule will dilute the government’s holding in the bank from 20.7% to 10.5%.
During the execution of this programme, ownership may dip beneath 15% of the bank’s issued share capital.
Under the established relationship agreement between the two entities, breaching the 15% threshold triggers a requirement to establish revised terms concerning information access in “good faith”.
Both parties have determined that NLFI will maintain its existing information entitlements provided its interest does not fall below 10%.
Once the holding drops under 10%, the Relationship Agreement will come to an end.
This initiative represents the fifth successive disposal programme following earlier accelerated bookbuild transactions conducted since ABN Amro’s November 2015 stock market flotation.
The measure aligns with prior Dutch government announcements outlining a phased, long-term reduction of its position through NLFI.
In earlier transactions, a third programme in 2024 lowered the holding from 40.5% to around 30%, before another plan in 2025 brought the position down from 30.5% to approximately 20%.
