Quick decision IPO ABN Amro – Telegraaf.nl

The Hague –

The light still going ahead for an IPO of ABN Amro this year. The government takes very soon deciding that the first part of the State Bank after the summer can be sold

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You may notice that decision every morning at the weekly cabinet meeting. It is clear that now is still sails are made with an IPO, sources report. Then this year the first part of the bank floated, something the coalition chambers previously had agreed.

The sale of the state bank will happen anyway in parts, making the process even years will seize. In the first installment is expected to be sold about 20 percent of the bank, which the investor interest can be properly tested.

A cabinet decision to return to the stock market earlier ABN end of March expected, but by the fuss over a salary increase of one ton of bank executives blew minister Dijsselbloem (Finance) which at the last moment on.

Nummertje

That happened mainly through the intercession of his party – the Labour Party – who publicly wished off a piece of the rewards for the banktop. By unforeseen venting the IPO came much commotion that it was the question for many whether sales this year at all was possible because the bank damage from the fight came out.

That the announcement of the IPO now still can come in the short term is possible because ABN Amro CEO Gerrit Zalm last week publicly deeply through the dust was about salarisrel. Salmon acknowledged frankly that he had made a miscalculation on the acceptability of the wage increases and said there “with regret” to look back.

The government will meanwhile make haste, because the stock market environment is favorable and the Bank would be ready. Dijsselbloem spoke last Tuesday are still satisfied with the performance of the bank which he called “really good”. He also found that there are “good steps” were put.

The rescue of ABN Amro and the Dutch parts of the collapsing Fortis cost the Dutch taxpayer in 2008 almost 32 billion euros. ABN Amro, which this year returns to the stock market represents 22 billion euros to the State in the book.

The bank was in 2008 headlong nationalized when it became a takeover target was and ducking under threatened to go. Although it’s good weather with the bank, it is highly questionable whether the Netherlands the amount invested will be able to get back on sale. Previously reported Dijsselbloem a total value of 15 billion euros is feasible

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