NLFI finalises trading programme in ABN AMRO
News article
11 September 202419:45Today the NLFI (stichting administratiekantoor beheer financiële instellingen), the depositary receipt holder of the Dutch State’s stake in ABN AMRO, announced that the trading plan communicated by NLFI in November 2023 has been finalised. NLFI now still holds a 40.5% stake in ABN AMRO.
NLFI has reduced its stake in ABN AMRO over the past months by means of a so-called ‘dribble-out’ programme. A dribble-out is a trading plan in which limited quantities of depositary receipts are sold to investors over an extended period.