IPO ABN Amro should yield € 15 billion – Telegraaf.nl

AMSTERDAM –

The first part of ABN Amro can this year to the Amsterdam exchange. That the government has just announced

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Minister Dijsselbloem (Finance) says ‘trust’ to have a yield of once the book value 15 billion and assumes that the “first real possibility” for an IPO takes place in the last quarter of this year, probably at the earliest in October or November. If that fails, the beginning in 2016.

Sales in parts

The first ‘installment’ can be sold for 20 to 30 percent of the shares. The cash proceeds from the IPO, expected to be between 3 and 4.5 billion will be used to repay debt.

Follow all the news about the IPO today through DFT

The state wants the placement of ABN Amro shares prefer ‘long-term shareholders. It is also intended that the bank a stable dividend ‘come true.

Protection Construction

The Dutch government hopes to keep the total cost of the IPO within limits. To investment banks and consultants expect the state to lose about 90 million.

10 questions and answers about the IPO of ABN Amro

The idea is that the bank receives a protection structure through the issuance of depositary receipts for shares. The NLFI that now restrict the shares of the bank manages the state bears the shares in the bank on a foundation Administration Office (Lit) with its own independent board.

Voting

Stak then issues certificates of ordinary shares of ABN Amro to investors. With these certificates can be voted on aandeelhoudersvergeadering as if they are real shares. The advantage is that “in wartime ‘voting rights of the shares may be withdrawn temporarily

Prior to the IPO remain three conditions for a definitive listing of power:. The financial sector remains stable, there remain plenty of interested buyers and the bank remains ready

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